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Free Banking CRCM Exam Braindumps (page: 22)

Page 22 of 344
PDF with 463 Questions

Banks must maintain an _adequate to absorb estimated credit losses from payday loans. Banks should evaluate the collectability of accrued fees and finance charges on payday loans and ensure that this income is appropriately measured.

  1. TILA
  2. FCRA
  3. ALLL
  4. A and B both

Answer(s): C



Banks must maintain an _adequate to absorb estimated credit losses from payday loans. Banks should evaluate the collectability of accrued fees and finance charges on payday loans and ensure that this income is appropriately measured.

  1. TILA
  2. FCRA
  3. ALLL
  4. A and B both

Answer(s): C



Banks must maintain an _adequate to absorb estimated credit losses from payday loans. Banks should evaluate the collectability of accrued fees and finance charges on payday loans and ensure that this income is appropriately measured.

  1. TILA
  2. FCRA
  3. ALLL
  4. A and B both

Answer(s): C



Safety and soundness concerns in FDIC Payday Lending Guidance clearly mention that there should be adequate capital as Minimum capital requirements are not enough to offset the risks of payday loans. Banks should hold capital against its subprime portfolio in amounts:

  1. That are 1½ to 5 times greater than normal
  2. That are 1½ to 3 times greater than normal
  3. That are 1½ to 3 times lower than normal
  4. That should be between 2-5 in comparison to normal

Answer(s): B



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