The White House is taking steps to remove a member of the Federal Reserve's Board of Governors. A letter was sent to the individual's attorney, outlining the reasons for this action. The letter mentions allegations of false statements on mortgage agreements.

Further details about this situation are available from national news sources. The individual in question has denied any wrongdoing and has not been charged with a crime. The matter has been ongoing, with the accusations first being raised last year, prompting an investigation by the Justice Department.