American Bankers Association Exam CRCM Topic 10 Question 66 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 66
Topic #: 10

[All CRCM Questions]

Below mentioned list shows the significant risks of _______________.

Borrowers with cash-flow difficulties

Borrowers with no lower-cost credit alternatives

Minimal analysis of borrower's ability to repay the loan

Minimal review of borrower's credit history

Credit is usually unsecured

APayday lending

BLoan flipping

CEquity stripping

DNone of these

Show Suggested Answer

Suggested Answer: B

by Lemuel at Mar 01, 2023, 04:23 AM

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3 days ago

I believe the risks also include minimal analysis of borrower's ability to repay the loan.

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5 days ago

I agree, borrowers with cash-flow difficulties are at risk with payday lending.

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9 days ago

I think the significant risks are related to payday lending.

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