Search Results for citation:"86 FR 7382"

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Search Results: citation:"86 FR 7382"

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  • 2021-01893 — Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
    Type:Notice
    Citation:86 FR 7382
    Reading Time:about a minute or two

    The Federal Reserve System has issued a notice regarding proposals by companies to engage in or acquire nonbanking activities that are permissible under the Bank Holding Company Act. The notice invites the public to review and comment on these applications, which are available for inspection at specified Federal Reserve Banks. Comments must be submitted by February 12, 2021. One of the proposals involves First Citizens Bancshares, Inc., seeking to acquire shares in companies engaging in credit and loan servicing activities.

    Simple Explanation

    The Federal Reserve wants people to know that some companies are asking to do fun bank-like things that don’t involve actually being a bank, like helping with loans. They want everyone to check these ideas out and say what they think before February 12, 2021.

  • 2021-01697 — Flo Health, Inc.; Analysis of Proposed Consent Order To Aid Public Comment
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    Type:Notice
    Citation:86 FR 7382
    Reading Time:about 22 minutes

    The Federal Trade Commission (FTC) has proposed a consent agreement with Flo Health, Inc., a company accused of sharing users' menstrual and fertility data without their consent, violating laws against deceptive business practices. Flo Health had promised users their information would remain private but allegedly shared it with third parties like Facebook and Google. The proposed order, open for public comment, requires Flo Health to improve its privacy practices, notify users of the data sharing, and obtain users' express consent before sharing personal health information again. Additionally, there's a debate among FTC commissioners about whether further enforcement actions, such as applying the Health Breach Notification Rule, should be taken against Flo Health.

    Simple Explanation

    The FTC is telling Flo Health, a company that tracks periods, that they must stop sharing people's private information without asking, because they promised to keep it secret but didn't. Now, Flo Health has to fix their privacy rules and ask for permission first before sharing anything again.