Independence Day Deal! Unlock 25% OFF Today – Limited-Time Offer - Ends In 00:00:00 Coupon code: SAVE25

- Free Preparation Discussions

American Bankers Association Exam CRCM Topic 5 Question 87 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 87
Topic #: 5

[All CRCM Questions]

Payroll card accounts established directly or indirectly by an employer for the purpose of electronically transferring an employee's wages, salary, or other compensation on a recurring basis, are covered by:

ARegulation E

BRegulation T

CRegulation CC

DRegulation Z

Show Suggested Answer

Suggested Answer: D

by Nathalie at May 11, 2024, 07:32 PM

Limited Time Offer

25%

Off

Get Premium CRCM Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Ines

1 months ago

Regulation CC? That's for check clearing, isn't it? I'm pretty confident Regulation E is the right choice here. Can't wait to see what the instructor says about this one!

upvoted 0 times

Florinda

19 days ago

I think you're right, Regulation E covers electronic transfers like payroll cards.

upvoted 0 times

...

...

Carey

1 months ago

Haha, Regulation T? That's for margin accounts, not payroll cards! This is definitely an electronic transfer thing, so Regulation E is the way to go.

upvoted 0 times

Scarlet

6 days ago

Regulation E covers electronic transfers like those for payroll cards.

upvoted 0 times

...

Cristal

13 days ago

Regulation T is for margin accounts, not payroll cards.

upvoted 0 times

...

Amira

1 months ago

I agree, Regulation E is definitely the right choice for payroll card accounts.

upvoted 0 times

...

...

Nobuko

2 months ago

Hmm, I'm not sure. Could it be Regulation Z since it deals with consumer credit? I'll have to double-check that one.

upvoted 0 times

Buck

4 days ago

Let's look it up to be sure, but I think you're right about Regulation E.

upvoted 0 times

...

Barney

17 days ago

I believe it is Regulation E, as it specifically covers payroll card accounts.

upvoted 0 times

...

Kanisha

18 days ago

I'm not sure about that, but I think Regulation CC also deals with electronic transfers.

upvoted 0 times

...

Dorcas

25 days ago

I think it might actually be Regulation E, which covers electronic transfers of funds.

upvoted 0 times

...

...

Wade

2 months ago

I think Regulation E is the correct answer here. Payroll cards are a form of electronic fund transfer, so they would fall under that regulation.

upvoted 0 times

Osvaldo

2 months ago

Yes, Regulation E is the correct answer for payroll card accounts.

upvoted 0 times

...

Pansy

2 months ago

I agree, Regulation E covers electronic fund transfers.

upvoted 0 times

...

...

Sheridan

3 months ago

I'm not sure, but I think it makes sense that payroll card accounts would fall under Regulation E.

upvoted 0 times

...

Arlyne

3 months ago

I agree with Kaycee, because Regulation E covers electronic transfers of wages.

upvoted 0 times

...

Kaycee

3 months ago

I think the answer is A) Regulation E.

upvoted 0 times

...

az-700 pass4success az-104 200-301 200-201 cissp 350-401 350-201 350-501 350-601 350-801 350-901 az-720 az-305 pl-300

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77