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American Bankers Association CRCM Exam - Topic 10 Question 89 Discussion

Which of the following must a ''large'' bank maintain as part of its CRA program?
B) Description of its assessment area, written comments and responses, and the public portion of the regulator's most recent CRA performance evaluation
A) Listing of director, officer, and employee community involvement, and a listing of loans made to low- and moderate-income individuals
C) Copy of the bank's CRA Notice and the bank's most recent five years of CRA disclosure statements
D) A comprehensive record of all CRA-related training completed by employees during the past two years 696 AMERICAN BANKERS ASSOCIATION

American Bankers Association CRCM Exam - Topic 10 Question 89 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 89
Topic #: 10
[All CRCM Questions]

Which of the following must a ''large'' bank maintain as part of its CRA program?

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Suggested Answer: B

by Frankie at May 29, 2024, 09:06 PM

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Emily
9 months ago
Not sure about C, why would they need five years of disclosures?
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Kati
9 months ago
I agree with B, it's the most relevant info they need to keep.
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Alton
9 months ago
Wait, does D really need to be maintained? That seems excessive.
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Candra
10 months ago
I think A is also important, but B seems more comprehensive.
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Candra
10 months ago
Definitely B! It's essential for CRA compliance.
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Mariann
10 months ago
I recall something about community involvement being important, but I can't remember if it was specifically required. A feels a bit off to me.
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Emile
10 months ago
I practiced a question similar to this, and I think the assessment area details are crucial for CRA compliance. B seems right, but I could be wrong.
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Donette
10 months ago
I'm not entirely sure, but I feel like the CRA Notice and disclosure statements are important too. Maybe option C is also a contender?
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Allene
11 months ago
I think I remember that large banks need to provide a description of their assessment area and some public comments, so I might lean towards option B.
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Micah
11 months ago
I feel pretty confident about this question. The key is that it's asking specifically about the requirements for "large" banks, and the answer that covers that is B - the description of the assessment area, written comments, and CRA performance evaluation.
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Simona
11 months ago
Hmm, I'm a little unsure about this one. The CRA requirements can be tricky to remember, so I'll try to eliminate the answers that don't seem quite right. I'm leaning towards B, but I want to double-check the details.
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Linette
11 months ago
Okay, I think I've got this one. The question is asking about what a "large" bank must maintain as part of its CRA program, and the answer that covers that is B - description of assessment area, written comments, and CRA performance evaluation.
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Brynn
11 months ago
This question seems straightforward, but I want to make sure I understand the key details about CRA requirements for large banks. I'll carefully read through the answer choices to identify the one that best matches the question.
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Gerry
11 months ago
I'm a bit confused on this one. The CRA rules can be complex, and I'm not sure I fully understand the distinction between the requirements for large versus small banks. I'll have to think this through carefully before selecting an answer.
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Izetta
11 months ago
I remember studying structural equivalence, but that seems more about how similar members are rather than their influence.
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Laquita
11 months ago
This seems like a straightforward question about information security principles. I'll focus on protecting the confidentiality of the reports since the temporary workers shouldn't have access to them.
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Lilli
11 months ago
I feel like academic detailing was used to improve provider awareness, but I'm not entirely sure if that applies directly to formularies.
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Rodrigo
11 months ago
Hmm, this seems like a tricky one. I'll need to think it through carefully.
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Micah
1 year ago
I'm going with option B. It seems the most comprehensive and covers all the bases. Although, I do wonder if the bank has to maintain a list of employees who can actually pronounce 'CRA' correctly.
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Lettie
1 year ago
A comprehensive record of CRA-related training? That sounds like way too much paperwork. I'd rather just bake some cookies for the local community center and call it a day.
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Twana
1 year ago
C) Copy of the bank's CRA Notice and the bank's most recent five years of CRA disclosure statements
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Regenia
1 year ago
B) Description of its assessment area, written comments and responses, and the public portion of the regulator's most recent CRA performance evaluation
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Barrett
1 year ago
A) Listing of director, officer, and employee community involvement, and a listing of loans made to low- and moderate-income individuals
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Arlyne
1 year ago
Hmm, I'm not sure about this one. Maybe I should have paid more attention during that CRA training session last year - I heard the instructor fell asleep halfway through.
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Aliza
1 year ago
I think the correct answer is B. The bank needs to maintain a description of its assessment area, written comments and responses, and the public portion of the regulator's most recent CRA performance evaluation.
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Shelton
1 year ago
User 3: Yes, that's right. It's important for the bank to have written comments and responses as well.
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Denise
1 year ago
User 2: I agree, the bank must maintain a description of its assessment area and the public portion of the regulator's most recent CRA performance evaluation.
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Renay
1 year ago
User 1: I think the correct answer is B.
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Oren
1 year ago
Hmm, you might be right. I'll have to review that option again.
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Stacey
1 year ago
I disagree, I believe the correct answer is B. It includes the assessment area and the regulator's performance evaluation.
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Oren
1 year ago
I think the answer is A, because it mentions community involvement and loans to low- and moderate-income individuals.
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