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American Bankers Association CRCM Exam - Topic 6 Question 41 Discussion

State National Bank has a Web site on which it advertises all of its products. One page of the Web site is devoted to the products of its affiliate, State National Investment Products, InC. The affiliate sells uninsured mutual funds and various other investments not insured by the FDIC. What are State National's responsibilities for this advertising?
D) The bank must make sure that the noninsured disclosures are on this page and that the FDIC logo does not appear.
A) None. The affiliate is responsible.
B) None. Because it is a Web site, the advertising rules do not apply.
C) The bank must make sure the FDIC logo is properly placed.

American Bankers Association CRCM Exam - Topic 6 Question 41 Discussion

Actual exam question for American Bankers Association's CRCM exam
Question #: 41
Topic #: 6
[All CRCM Questions]

State National Bank has a Web site on which it advertises all of its products. One page of the Web site is devoted to the products of its affiliate, State National Investment Products, InC. The affiliate sells uninsured mutual funds and various other investments not insured by the FDIC. What are State National's responsibilities for this advertising?

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Suggested Answer: D

by Geoffrey at May 04, 2022, 11:53 AM

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Kathrine
8 months ago
Isn't it weird that they can advertise uninsured products like that?
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Vicente
9 months ago
I think they need to keep the FDIC logo off that page.
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Amie
9 months ago
Wait, are they really not responsible at all?
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Kayleigh
9 months ago
Totally agree, they can't just ignore it!
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Dannie
9 months ago
The bank has to ensure proper disclosures are there.
upvoted 0 times
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Golda
9 months ago
Okay, I think I've got a strategy here. I'll need to use a combination of REPLACE, TRIM, and SUBSTR functions to get the desired output. Option C looks promising.
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Merrilee
10 months ago
I think a workflow rule field update would be the best tool to use here. It can automatically update the status of the child case when the parent case is closed.
upvoted 0 times
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