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Which one of the following types of credit may be extended in Requirements case-12 CFR 221.3, 221.7:

  1. Temporary advances in payment against delivery transactions
  2. Capital contribution leases
  3. Credit to clearing banking authorities
  4. Underwriter loans

Answer(s): A,D



Which one of the following types of credit may be extended in Requirements case-12 CFR 221.3, 221.7:

  1. Temporary advances in payment against delivery transactions
  2. Capital contribution leases
  3. Credit to clearing banking authorities
  4. Underwriter loans

Answer(s): A,D



OCC advisory on credit card practice-AL-2004-10 in credit card practices covers:

  1. Finance and credit management practices that may be unfair or deceptive and expose a bank to compliance and reputation risk
  2. Marketing and account management practices that may be unfair or deceptive and expose a bank to compliance and reputation risk
  3. Marketing and account management practices
  4. Marketing and account management practices that may be fair and can't expose a bank to compliance and reputation risk

Answer(s): B



OCC advisory on credit card practice-AL-2004-10 in credit card practices covers:

  1. Finance and credit management practices that may be unfair or deceptive and expose a bank to compliance and reputation risk
  2. Marketing and account management practices that may be unfair or deceptive and expose a bank to compliance and reputation risk
  3. Marketing and account management practices
  4. Marketing and account management practices that may be fair and can't expose a bank to compliance and reputation risk

Answer(s): B






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