Certified Regulatory Compliance Manager (CRCM) — Question 54

Practice/s addressed in the guidance of OCC advisory on credit card practices-AL-2004- 10 is/are:

Answer options

• A. "Up-to" marketing
• B. Promotional rate marketing
• C. Repricing of accounts and other changes in credit terms
• D. Lending to insiders

Correct answer: A, B, C

Explanation

The correct answer includes A, B, and C as they all relate to practices mentioned in the OCC advisory. Option D, lending to insiders, is not addressed in the advisory and therefore is not a correct choice.