Justice Department probing Lisa Cook for mortgage fraud

The Justice Department has opened a criminal investigation into Federal Reserve Gov. Lisa Cook and allegations of mortgage fraud, allegations that spurred President Trump to terminate her position on the Fed Board last week. Cook is challenging the president’s authority to remove her in court.

Fintechs move for open banking rule to go forward

The American Fintech Council urged a federal court to deny requests by banking groups to stay the Consumer Financial Protection Bureau’s open banking rule compliance dates while litigation is ongoing.