American Bankers Association Exam CRCM Topic 4 Question 82 Discussion

Actual exam question for American Bankers Association's CRCM exam

Question #: 82
Topic #: 4

[All CRCM Questions]

During a recent compliance examination, regulators cited the bank for violations of various marketing regulations. How should the compliance professional FIRST respond?

AContact the bank's marketing manager to discuss the finding

BDevelop a policy requiring that all marketing materials be reviewed and approved by compliance before being published

CSet up a training class for the marketing department

DReview the marketing materials and applicable regulations to verify the finding.

Show Suggested Answer

Suggested Answer: A

by Nu at Mar 04, 2024, 05:24 AM

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Demetra

6 days ago

This is a no-brainer. Clearly, the first step is to review the marketing materials and verify the regulators' findings. You can't start developing policies or training programs until you've confirmed the issue.

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