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Block Inc. Receives Dynamic Customer Profile Recommendations Patent

The USPTO granted Block, Inc. Patent US12608737B1 for a system generating dynamic product recommendations based on customer profiles combined with real-time item availability data at merchant locations. The patent covers a computing system that receives a customer identifier upon merchant visit, accesses the customer's profile and stock data, generates in-stock item recommendations, and transmits them to a merchant server device for customer display. The patent includes 20 claims and was filed on July 17, 2023.

CFPB Lists Eight Enforcement Petitions Against Non-Compliant Companies

The Consumer Financial Protection Bureau lists eight petitions to enforce Civil Investigative Demands filed in federal district court against non-compliant companies. The petitions, spanning from April 2020 to October 2023, target Community Loans of America, Inc.; Financial Asset Management, Inc.; Purpose Financial, Inc.; Check City Partnership, LLC; National Credit Systems, Inc.; Block, Inc.; Educational Credit Management Corporation; and the Law Offices of Crystal Moroney PC. Non-compliance includes both failure to respond in full to a CID and failure to meet specified response deadlines.

OFAC Adds 7 Individuals and 7 Entities to Nicaragua SDN List

OFAC designated 7 individuals and 7 entities under Executive Order 13851, as amended by Executive Order 14088, for roles in Nicaragua's gold sector and ties to the Ortega government. Designations include gold mining companies and government officials operating primarily from Managua, Nicaragua. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.

Transaction Processing System - Blockskye Inc - EP4281921A1

The European Patent Office granted patent application EP4281921A1 titled 'System and Method for Processing Transactions' to Blockskye, Inc. The patent covers transaction processing technology and was published on April 8, 2026. It is classified under IPC G06Q 20/40, G06Q 20/02, and G06Q 10/00, covering business methods in commerce and financial transactions.

2026 CAA Imposes PBM Transparency and Rebate Pass-Through Requirements

The Consolidated Appropriations Act of 2026 (enacted February 3, 2026) formally designates pharmacy benefit managers (PBMs) as "covered service providers" under ERISA, subjecting them to new reporting and transparency requirements. PBMs must provide detailed drug-level reports to large group health plans (100+ participants) and summary documents to all group health plans, at least every six months. The law mandates that PBMs pass through 100% of rebates, fees, alternative discounts, and other drug-related remuneration to plans or health insurers, with quarterly remittance required no later than 90 days after quarter close. Compliance with reporting requirements begins for plan years after August 3, 2028 (January 1, 2029 for calendar-year plans), while the rebate pass-through applies to contracts entered or renewed on or after that date.