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Exam CRCM topic 1 question 212 discussion

Actual exam question from ABA's CRCM
Question #: 212
Topic #: 1
[All CRCM Questions]

Non public personal information under Regulation P includes:

  • A. Personally unidentifiable financial information
  • B. Any list or grouping of consumers that us derived using personally identifiable financial information that is not publicly available
  • C. Federal state and local government records
  • D. Both B and C
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Suggested Answer: D 🗳️

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Dex24
6 months, 1 week ago
B, page 1151.
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Cam22
8 months, 3 weeks ago
Selected Answer: B
The correct answer is B. Any list, grouping of consumers, or other compilation of data that is derived using personally identifiable financial information that is not publicly available. Nonpublic personal information under Regulation P primarily concerns information that financial institutions collect about individuals in the course of providing financial products or services that is not publicly available. This includes any information that can be used to identify a consumer combined with financial data about them that isn't available publicly. Federal, state, and local government records (option C) are typically considered public information, not nonpublic personal information.
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