CONTINUING EDUCATION QUIZ
The CE Quizzes in ABA Bank Compliance provide up to six continuing education credits per year to those who
hold the CRCM certification. Each quiz consists of ten questions taken directly from the articles in each issue.
The quizzes have been pre-approved for 1.0 credit each. You must correctly answer seven out of ten questions
to receive the credit. To take the quiz, please go to the ABA Certification Manager, aba.csod.com. After you
login, click on Manage My CE on the home page which will take you to the “Certification Details” page. Locate
the quiz, select “Request” to launch the quiz. Quiz credits are automatically uploaded to your record. This quiz
will be available for one full year from publication. If you have any questions, please contact ABA Professional
Certifications at firstname.lastname@example.org.
The Future of Consumer
by Nessa Feddis, J.D.
1. The new heads of the agencies
have expressed a desire to reduce
unnecessary and ineffective
regulation and to tailor and
streamline bank supervision so
that banks may:
a. Better serve customers, expand
access to innovative new
products and services, and
increase economic growth.
b. Develop better marketing and
c. Increase their revenues, avoid
fines and penalties, and expand.
d. Expand into new counties,
combat fraudulent transactions,
and increase their cyber security.
2. Director Mulvaney also made
clear an intent to expand the
CFPB’s attention beyond the
protection of consumers from
certain products and practices
to their overall financial well-being. This broader objective
a. Recognition that if service
providers cannot innovate,
regulatory jobs are lost.
b. Measuring and balancing costs
c. Appreciating the impact of
regulations on innovation and on
access to senior management.
d. An understanding of the
perspective of financial service
2018 HMDA Implementation
By Joseph N. Durham, CRCM, CAMS,
and Paul R. Osborne, CPA, AMLP, CAMS
3. The Dodd-Frank Act transferred
rulemaking authority for HMDA
to the Consumer Financial
Protection Bureau (CFPB) and
amended the law to:
a. Expand the scope of information
that covered institutions must
report on deposit applications.
b. Give regulators greater visibility
into compliance with fair lending
and the Community Reinvestment
c. Give regulators the ability to see
if banks are in compliance in
regards to training and marketing.
d. Give CFPB regulators
transparency in reviewing banks’
data points collected before
January 1, 2017.
4. Some financial institutions
were unable to make significant
strides in implementing the 2018
HMDA changes until late in 2017
a. Lack of time to implement changes.
b. Attrition of staff due to
c. Technology challenges
and organizational change
d. Management that does not like
Hidden Tripwires in the
New 2018 HMDA Rules
by Carl G. Pry, CRCM, CRP
5. Operations, loan officers,
IT, vendors, and others are
critical to the effort to have a
submission-ready file by:
a. January 1, 2019.
b. March 1, 2019.
c. December 31, 2018.
d. March 31, 2019.
6. What does the CFPB’s FIG stand for?
a. Financial Institutions Group.
b. Federal Inspection Guidance.
c. Filing Instructions Guide.
d. Federal Institute of Governing.
Compliant Digital Marketing
by Renee W. Huffaker, CPA, CRCM
7. Digital targeting tactics banks
can use include segmenting
based on all of the following
8. Compliance professionals must
pay close attention to marketing
a. To monitor the level of
compliance risk exposure.
b. To work side-by-side with
marketing to ensure a working
c. To ensure compliance with
DOGMA (Dowton O’Reilly
Guidance of Marketing Act)
d. To ensure adequate revenues to
increase new compliance hiring.
Post TRID 2.0:
by Sue Burt
9. Compliance with the July 2017
amendments to the TILA-RESPA
Integrated Disclosure (TRID) rule
became mandatory on:
a. July 2017.
b. October 1, 2018.
c. March 1, 2018.
d. January 1, 2018.
10. Organizations should
understand that compliance
implementation is an ongoing
process requiring continuous
document review, policy and
procedure audit and:
a. Marketing oversight.
b. Staff training.
c. Implementation of UGH
(Universal Guidance on
d. Implementation of the new
Agency of Secure State-wide
Investigation Protocols for cyber
security procedures in securing