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American Bankers Association CRCM Exam - Topic 1 Question 62 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 62
Topic #: 1
[All CRCM Questions]

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?

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Suggested Answer: C

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

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Annice
4 months ago
Placing disclosures on both pages is the best way to avoid confusion.
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Rickie
5 months ago
A separate site sounds excessive, just clarify on the current pages!
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Odette
5 months ago
Wait, are the deposits really not insured? That seems off.
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Mattie
5 months ago
I think just the insurance page is enough.
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Rossana
5 months ago
They definitely need to add those disclosures on both pages.
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Lettie
5 months 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.
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Isabella
5 months ago
I practiced a similar question where the focus was on ensuring consumers understand the risks. I think C makes the most sense here.
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Leonard
5 months ago
I'm not entirely sure, but I feel like the insurance page needs to have those disclaimers. Maybe B is the right choice?
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Mickie
5 months 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.
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Micaela
6 months 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.
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Dorothy
6 months 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.
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Melvin
6 months 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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