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Bill Pulte, head of the Federal Housing Finance Agency (FHFA), is accused of using his position to target President Trump's political enemies. He's investigated mortgage records of Democrats, alleging fraud, leading to attempts to remove Federal Reserve board member Lisa Cook. Pulte, a major Trump donor, denies wrongdoing, while critics question his impartiality and use of government resources. This has sparked a legal battle potentially reshaping the Federal Reserve, with the White House defending Pulte's actions as holding people accountable for violating laws. Pulte's past philanthropic efforts contrast sharply with his current actions, raising concerns about conflicts of interest and political influence.

Prepared by Lauren Mitchell and reviewed by editorial team.