Better Late...: Richard Cordray was confirmed Tuesday as the head of the Consumer Financial Protection Bureau in a deal that smoothed a path for other White House executive branch nominees, but not judicial nominees, The National Law Journal reports.
Witness Protection: The Securities and Exchange Commission had hoped that hedge fund stalwart Paolo Pellegrini would be a top trial witnesses in its civil lawsuit against a former Goldman Sachs trader. But in a Manhattan federal courtroom on Tuesday, Mr. Pellegrini professed not to know what one of the basic acronyms of the industry meant, repeatedly paused and claimed he could not remember what he previously said, The New York Times reports.
SIFI Alert: MetLife, the nation’s largest life insurance company, said that financial regulators have moved one step closer to placing it under tougher government supervision. On Tuesday, the Financial Stability Oversight Council voted to advance the company to the final stage of a three-step process for designation as a systemically important financial institution, the Washington Post reports.
Gay Marriage: In England and Wales, gay marriage is to become legal after the lower house of the British parliament approved final changes on Tuesday to a law that split the ruling Conservative party, but had the support of both Labor and the Liberal Democrats, Reuters reports.
Celebrity Terrorist: Rolling Stone magazine's decision to put Dzhokhar Tsarnaev, the accused Boston Marathon bomber, on the cover of its latest issue has ignited a firestorm of outrage online, CNN reports.