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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Carmen

19 days 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

4 days ago

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

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Isabelle

29 days ago

I agree with the need to verify the findings, but I think setting up a training class for the marketing department is also a good idea. They probably need a refresher on compliance regulations.

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Crista

3 days ago

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

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Sylvie

8 days ago

D) Review the marketing materials and applicable regulations to verify the finding.

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This is a no-brainer. Clearly, the first step is to review the marketing materials and verify the regulators' findings. You can't start developing policies or training programs until you've confirmed the issue.

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Annelle

1 months ago

I believe contacting the bank's marketing manager should be the first step to address the violations.

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Twana

1 months ago

I agree with Lore. It's important to verify the finding before taking any further action.

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Lore

2 months ago

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

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American Bankers Association Exam CRCM Topic 4 Question 82 Discussion

Contribute your Thoughts:

Carmen

Madelyn

Isabelle

Crista

Sylvie

Demetra

Annelle

Twana

Lore