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Exam CRCM topic 1 question 55 discussion

Actual exam question from ABA's CRCM
Question #: 55
Topic #: 1
[All CRCM Questions]

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

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

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Cam22
4 months ago
Selected Answer: C
The OCC advisory on credit card practices (AL-2004-10) addresses practices such as repricing of accounts and other changes in credit terms. This guidance focuses on ensuring fair and transparent practices related to credit card accounts, including how changes in terms are communicated to consumers.
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