American Bankers Association Exam CRCM Topic 10 Question 66 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 66
Topic #: 10

[All CRCM Questions]

Below mentioned list shows the significant risks of _______________.

Borrowers with cash-flow difficulties

Borrowers with no lower-cost credit alternatives

Minimal analysis of borrower's ability to repay the loan

Minimal review of borrower's credit history

Credit is usually unsecured

APayday lending

BLoan flipping

CEquity stripping

DNone of these

Show Suggested Answer

Suggested Answer: B

by Lemuel at Mar 01, 2023, 04:23 AM

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3 days ago

A) Payday lending, no doubt. Those loans are a recipe for financial disaster. You might as well light your money on fire.

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19 days ago

Definitely A) Payday lending. The risks described are spot-on for that type of predatory lending. It's like a car crash waiting to happen!

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21 days ago

Hmm, I'm not sure. The options seem a bit tricky. I might have to go with D) None of these just to be safe.

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1 months ago

I think the significant risks are related to payday lending.

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