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American Bankers Association CRCM Exam - Topic 1 Question 62 Discussion

Posted by Carey on Dec 07, 2022 at 06:34 PM

ACME Bank has a separate page on its Web site where it describes insurance products, such as life insurance and health and disability insurance. The page invites consumers to call the bank officer in charge of selling these products.The Web site's lending page also describes consumer loans and uses the following phrase: ''Have peace of mind---credit life and disability insurance are available on all consumer loans to qualified borrowers.'' Neither the insurance page nor the lending page mentions insured deposits. What does ACME need to do to make sure its Web site is in compliance?

Suggested Answer: C

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12 comments · newest first
AN
Annice 11 months ago
Placing disclosures on both pages is the best way to avoid confusion.
RI
Rickie 11 months ago
A separate site sounds excessive, just clarify on the current pages!
OD
Odette 12 months ago
Wait, are the deposits really not insured? That seems off.
MA
Mattie 12 months ago
I think just the insurance page is enough.
RO
Rossana 12 months ago
They definitely need to add those disclosures on both pages.
LE
Lettie 1 year ago
I recall that we talked about how mixing financial products can confuse consumers. I wonder if D could be a solution, but it seems extreme.
IS
Isabella 1 year ago
I practiced a similar question where the focus was on ensuring consumers understand the risks. I think C makes the most sense here.
LE
Leonard 1 year ago
I'm not entirely sure, but I feel like the insurance page needs to have those disclaimers. Maybe B is the right choice?
MI
Mickie 1 year ago
I remember discussing the importance of clear disclosures in our compliance class. I think the answer might be C since both pages mention insurance products.
MI
Micaela 1 year ago
Okay, let's see here. The question mentions HTTPS traffic not working properly, so I'm thinking the issue is likely related to the server configuration or the network setup. I'll need to consider each of the options carefully.
DO
Dorothy 1 year ago
Hmm, I'm a bit unsure about this one. The options all seem plausible, but I'm not totally confident in my understanding of the strategic communication process. I'll have to think this through carefully.
ME
Melvin 1 year ago
I think I have an idea. Creating a WAF policy exclusion for the request header might be the way to go, but I'll need to double-check the details.
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