President Obama is nominating former Ohio Attorney General Richard Cordray to head the Consumer Financial Protection Bureau, which officially opens on Thursday. Elizabeth Warren, who created and has been leading the bureau over the past year, didn’t get the job, but some say the financial industry is just as scared of Cordray because of his record of fighting banks in Ohio. We’ll look over his record.
There’s another resignation in the phone hacking scandal: Scotland Yard Assistant Commissioner John Yates. Rupert Murdoch and Rebekah Brooks are scheduled to testify before Parliament tomorrow. We’ll talk to a BBC reporter covering the case.
And if you’ve been downtown lately, you may have noticed blue boxes (like the one in the photo to the left) hanging on light posts. They’re part of new program in Louisville that encourages people to put their spare change in the box, where it can later be distributed among programs that serve the homeless, rather than giving money to panhandlers. Ken Herndon from the Louisville Downtown Management District joins us with details about the program, how it came about, and how it’s expected to work.