The CE quizzes in ABA Bank Compliance magazines provide up to six continuing education credits per year to Certified
Regulatory Compliance Managers (CRCMs). Each quiz consists of 10 questions taken directly from the articles in
each issue and have been pre-approved by the ICB for 1.0 credit per quiz. You must correctly answer seven out of
the 10 questions to receive the credit.
To take the quiz, please go to www.icbmembers.org, login, and click on “Continuing Education Quizzes (ABA
Magazine)” located on the left-hand side of the page. Once you have completed the quiz, you will receive immediate
notification of the results, which can be printed and saved for your records. Quiz credits are automatically uploaded
to your record and will show under “My Continuing Education Credits” within 48 hours. If you have any questions,
contact ICB’s Continuing Education Manager at firstname.lastname@example.org.
Hold on to Your Hats! Surviving the
Rollercoaster of Regulatory Change
by mary clouthier and edward w. bade, crcm, crp
1. according to the authors, there are four critical
elements to a change management program, including
all of the following eXCept:
2. in exhibit 1, if the impacted line of business
(lob) is “bb, ” which area is affected?
b. consumer lending
c. business banking
d. private banking
Magically Expanding LARs: Increased Data
Collection and Submission Responsibilities
by carl g. pry, crcm
3. amendments to the home Mortgage disclosure
act (hMda) statute were made in which section of
the dodd-frank act?
4. during what year did hMda undergo its last major
expansion before the dodd-frank act? at that time,
pricing information and lien status, among other
items, were added.
5. if the Consumer financial protection bureau (Cfpb)
issues final regulations on the earliest date it possibly
can, july 21, 2011, the earliest the new information
could be reported is:
a. 2012 on information collected in 2011
b. 2013 on information collected in 2012
c. 2014 on information collected in 2013
d. 2015 on information collected in 2014
A Renewed Emphasis on Fair Lending—
Has the DOJ Changed Its Stance?
by bonita g. Jones
6. the department of justice’s fair lending unit’s
budget request for fy 2011 increased by what
percentage from the previous fiscal year to support
a more robust agenda?
a. 40 percent
b. 60 percent
c. 80 percent
d. 100 percent
7. the largest fair lending settlement ever secured by
the department of justice involved two subsidiaries
of aig in March 2010. how much did those
subsidiaries pay to settle the case?
a. $3.2 million
b. $4.1 million
c. $6.1 million
d. $8.4 million
8. the 34 fair lending violation referrals to the
department of justice in 2009 mark what percentage
increase from the previous year?
a. 45 percent
b. 55 percent
c. 65 percent
d. 75 percent
The New Era of Consumer Compliance
by Jeanine catalano
9. the first significant consumer protection legislation,
enacted in 1968, was:
a. the electronic funds transfer act (efta)
b.the community reinvestment act (cra)
c. the consumer credit protection act (ccpa)
d. the right to financial privacy act (rfpa)
10. based on home Mortgage disclosure act (hMda)
data and tackled in the third decade of consumer
compliance, what published document concluded that
there was a small but real disparity between the loan
rejection rates for whites versus minorities?
a.truth in lending act (tila)
b. boston fed study
c. homeowners equity protection act (hoepa)
d. fair and accurate credit transactions act (fact act)