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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?

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Suggested Answer: A

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

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Judy
14 days ago
This is like a compliance version of 'Choose Your Own Adventure.' I'm just gonna close my eyes and point at an answer. Whichever one I land on, it's gotta be better than trying to remember all these regulations!
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Lakeesha
15 days ago
Haha, good one, Carmen! But seriously, reviewing the materials and regulations is the right call. Gotta make sure you have all the facts before taking any action.
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Carmen
1 months ago
I don't know, man. If I were the compliance professional, I'd just go straight to the marketing manager and start yelling at them. That'll show 'em who's boss!
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Madelyn
20 days ago
A) Contact the bank's marketing manager to discuss the finding
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Isabelle
2 months ago
I agree with the need to verify the findings, but I think setting up a training class for the marketing department is also a good idea. They probably need a refresher on compliance regulations.
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Jaclyn
1 days ago
That sounds like a good plan. Training can help prevent future violations.
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Soledad
8 days ago
C) Set up a training class for the marketing department
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Charlesetta
10 days ago
D) Review the marketing materials and applicable regulations to verify the finding.
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Marica
10 days ago
C) Set up a training class for the marketing department
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Crista
20 days ago
A) Contact the bank's marketing manager to discuss the finding
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Sylvie
24 days ago
D) Review the marketing materials and applicable regulations to verify the finding.
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Demetra
2 months 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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Annelle
2 months ago
I believe contacting the bank's marketing manager should be the first step to address the violations.
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Twana
2 months ago
I agree with Lore. It's important to verify the finding before taking any further action.
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Lore
2 months ago
I think the compliance professional should review the marketing materials first.
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