American Bankers Association Exam CRCM Topic 4 Question 82 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 82
Topic #: 4

[All CRCM Questions]

During a recent compliance examination, regulators cited the bank for violations of various marketing regulations. How should the compliance professional FIRST respond?

AContact the bank's marketing manager to discuss the finding

BDevelop a policy requiring that all marketing materials be reviewed and approved by compliance before being published

CSet up a training class for the marketing department

DReview the marketing materials and applicable regulations to verify the finding.

Show Suggested Answer

Suggested Answer: A

by Nu at Mar 04, 2024, 05:24 AM

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Judy

13 days ago

This is like a compliance version of 'Choose Your Own Adventure.' I'm just gonna close my eyes and point at an answer. Whichever one I land on, it's gotta be better than trying to remember all these regulations!

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Lakeesha

14 days ago

Haha, good one, Carmen! But seriously, reviewing the materials and regulations is the right call. Gotta make sure you have all the facts before taking any action.

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Carmen

1 months ago

I don't know, man. If I were the compliance professional, I'd just go straight to the marketing manager and start yelling at them. That'll show 'em who's boss!

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Madelyn

19 days ago

A) Contact the bank's marketing manager to discuss the finding

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2 months ago

I think the compliance professional should review the marketing materials first.

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