The Obama administration has formally requested the Supreme Court of the United States to resolve the constitutionality of the recess appointments the president made to the National Labor Relations Board, which were called into question in the Noel Canning v. NLRB decision earlier this year. Industry attorneys widely see the eventual outcome of the Canning ruling to have direct implications for the tenure of Richard Cordray as the director of the CFPB, even though the oversight of the bureau itself is unlikely to suffer...