Text entry controls which contain a built-in title/label so that you don't have to add a separate title for each field.
FloatLabelFields is the Swift implementation of a UX pattern that has come to be known as the "Float Label Pattern". The initial Objective-C implementation of this pattern can be found on Github as JVFloatLabeledTextField.
Due to space constraints on mobile devices, it is common to rely solely on placeholders as a means to label fields. This presents a UX problem, in that, once the user begins to fill out a form, no labels are present.
This UI component library, which includes both a UITextField and UITextView subclass, aims to improve the user experience by having placeholders transition into floating labels that hover above the fields after they are populated with text.
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