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Home Daily Digest

Daily Digest – October 3. Getting to Know Naomi Moore of Absolute Resolutions Corp.; Bill Introduced to Allow Furnishers to Report Positive Medical Debt Info to Credit Bureaus

mikegibb by mikegibb
October 25, 2024
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Getting to Know Naomi Moore of Absolute Resolutions Corp.

  • People come into the accounts receivable management industry from all sorts of backgrounds, but Naomi Moore might be the first with a license to buy and sell commodities like cattle and gold, even if she makes it clear that there is little likelihood of such activity ever happening. Possessing her Series 3 license is a throwback to her days in structured finance and derivatives, which is a long way from ARM industry compliance. Read on to learn more about Naomi, why you need to believe her if she says she’s going to do something, and the great way she describes the role of compliance inside a company.
  • More details here
  • This series is sponsored by TEC Services Group

FDCPA Case Over Arbitration Ruling Dismissed

  • A District Court judge in New York has adopted the report of a Magistrate Court judge and dismissed a Fair Debt Collection Practices Act case after the plaintiff sought to vacate an interim arbitration award and stay ongoing arbitration proceedings — proceedings that the plaintiff actually initiated on her own.
  • More details here

Bill Introduced in House to Allow Furnishers to Report Positive Medical Debt Information to Credit Bureaus

  • A bipartsan bill has been introduced in the House of Representatives that seeks to amend the Fair Credit Reporting Act so that individuals making payments on unpaid medical debts would see their credit scores boosted.
  • More details here

Minnesota’s Debt Fairness Act Now in Effect

  • A new medical debt law went into effect in Minnesota this week, and following the lead of that state’s Attorney General, it might be helpful to review the details of the Debt Fairness Act to make sure nobody overlooks anything that they need to be doing.
  • More details here

WORTH NOTING: Some people who have Bank of America accounts are waking up to a not-cool surprise this morning … RIP to the voice behind “Oogie-Boogie” … A cruise industry expert on why more people than ever are taking to the seas … How much money you need to live comfortably in one of America’s 50-biggest cities … The joys of swallowing might be the trigger for people overeating, according to new research … How companies are shifting their return-to-office strategies in the wake of moves by companies like Amazon … It’s my favorite time of year – hockey season. Here are some predictions for the 2024-25 season … You don’t need to stock up on toilet paper because of a strike at U.S. ports.

Top 10 Thursday, part I

Top 10 Thursday, part II

The Daily Digest is sponsored by TCN. Today, contact centers need to do more with less. TCN’s cloud-based predictive dialing tools and services help clients to leverage the most sophisticated inbound, outbound, and blended calling technologies available. TCN’s award-winning platform offers multiple features to assist in compliance while improving performance with no hardware, no monthly minimums, or maintenance fees. Call 866-745-1900 or visit tcn.com today.

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