It looks like the last little bit of legal ground upon which someone could launch a challenge to a rule or other action from the CFPB has been chewed up for good. Late last month, CFPB Director Richard Cordray formally ratified his prior actions as director before being confirmed by the Senate in July. “I believe that the actions I took during the period I was serving as a recess appointee were legally authorized and entirely proper,” Cordray wrote in a brief “Notice of Ratification” in the Aug. 30 Federal Register. “To avoid any...