Google

CFPB Looks To Place Google Under Federal Supervision 26

Washington Post: The Consumer Financial Protection Bureau has taken steps to place Google under formal federal supervision, an extraordinary move that could subject the technology giant to the regular inspections and other rigorous monitoring that the government imposes on major banks.

Google has fiercely resisted the idea over months of highly secretive talks, according to two people familiar with the discussions, who spoke on the condition of anonymity to describe them -- setting up what may ultimately be a major legal clash with vast implications for the CFPB's powers in the digital age.

The exact scope of the CFPB's concerns is not clear, and its order does not appear to be final. The political fate of the bureau's work under Director Rohit Chopra is also in doubt, as the watchdog agency braces for potentially significant changes to its leadership and agenda with the return of President-elect Donald Trump to the White House.

Formed in the aftermath of the 2008 financial crisis, the CFPB has broad powers to protect consumers from unfair, deceptive or predatory financial practices. That includes the ability to place certain firms under supervision, a status that can afford regulators direct access to the company's internal records to ensure their activities are sound -- and seek fixes if they are not.
The Almighty Buck

FAA Allows AIG To Use Drones For Insurance Inspections 53

An anonymous reader writes with news that AIG is the latest insurance company given permission by the FAA to use drones for inspections. "The Federal Aviation Administration has been rather stingy when it comes to giving companies the OK to test, let alone employ, drones. After getting permission this week, AIG joins State Farm and USAA as insurance providers with exemptions that allow them to use the UAVs to perform tasks that are risky to regular folks — things like roof inspections after a major storm. In addition to keeping its inspectors safe, the company says drones will speed up the claims process, which means its customers will, in theory, get paid faster. 'UAVs can help accelerate surveys of disaster areas with high resolution images for faster claims handling, risk assessment, and payments,' the news release explains. 'They can also quickly and safely reach areas that could be dangerous or inaccessible for manual inspection, and they provide richer information about properties, structures, and claim events.'"
Power

Japanese Court Rules Against Restarting Ohi Reactors 75

AmiMoJo writes: "A Japanese court has ordered the operator of the Ohi nuclear plant in Fukui Prefecture, central Japan, not to restart two of its reactors, citing inadequate safety measures. The plant's No. 3 and 4 reactors were halted for regular inspections last September. Local residents filed a lawsuit asking that the reactors be kept offline. They said an estimate of possible tremors is too small, and that the reactors lack backup cooling systems. The operator, Kansai Electric Power Company, has insisted that no safety problems exist."
Government

Lingerie Store Required To Get Food Permit For Edible Undies Screenshot-sm 37

You might not consider edible panties food, but San Antonio's Sanitarian Services Manager, Stephen Barschewski, disagrees. The Shades of Love lingerie store was recently told that it needed a food permit to sell edible novelties. The permit costs $230 a year, and makes the store subject to regular health inspections. From the article: "Rosemary Benitez thought it was a joke at first. She was told her store was going to need a food permit in order to stay in business. But Benitez doesn't own a restaurant. She owns the Shades of Love lingerie store on West Bitters road. Shades of Love sells racy lingerie, high heel shoes, adult toys, and items meant to enhance a couple's sex life. However, some of those items are edible. That's why the health department ruled the store needed a food permit."

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