CONTINUING EDUCATION QUIZ
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 icb@aba.com.
All-In: Internet Gambling Enforcement
By Michael Carson and Andrew Wiederhorn
1. Which of the following is NOT governed by the final
rule that implements the Unlawful Internet Gambling
Enforcement Act (UIGEA) of 2006?
a. ACH systems
b. card systems
c. wire transfer systems
d. check cashers
2. The agencies estimate that without the exemptions
in the UIGEA, about how many money transmitters
would have been affected by the proposed rule?
(Choose the closest number.)
a. 150,000
b. 250,000
c. 350,000
d. 450,000
Getting on Track with Compliance Costs
By Nancy Derr-Castiglione, CRCM
3. The cost of not complying with the Flood Disaster
Protection Act is monetary penalties of $385 per
violation with an annual maximum of:
a. $38,500
b. $35,800
c. $135,000
d. $138,500
4. According to the OCC, Federal Register Notice of
May 2007, a national bank spends an estimated who
many hours per year complying with Regulations B, E,
M, Z, CC, and DD?
a. 1,366
b. 1,633
c. 1,699
d. 1,966
Understanding New UDAP and Regulation Z Rules
By L. Richard Fischer, Obrea O. Poindexter, and Bethany A.
Frank
5. The safe harbor provision in the UDAP rule requires
issuers to establish procedures that ensure that
statements are mailed or delivered a minimum of how
many days before the payment is due?
a. 5
b. 14
c. 21
d. 30
6. Security deposits and fees that exceed what
percentage of the initial credit limit must be spread
over six months?
a. 15
b. 25
c. 35
d. 45
RESPA: Good Faith and Fairness
By Lucy H. Griffin
7. Page 3 of the good faith estimate (GFE) includes:
a. comparison shopping
b. settlement services costs
c. insurance information
d. property description
8. When it comes to the GFE and HUD- 1, HUD has:
a. overall enforcement powers
b. significant enforcement powers
c. little enforcement powers
d. no enforcement powers
What Is a Comparative File Review?
By Phillip R. Freer, Jr., CRCM, and Calvin R. Hagins, CRCM
9. The risk that similarly situated applicants receive
different outcomes on a prohibited basis defines:
a. underwriting criteria
b. prohibited basis group
c. discrimination risk
d. operational risk
10. Which of the following does a comparative file
review determine?
a. whether the lender made the correct decision
regarding their new loan
b. whether similarly situated applicants receive different
outcomes on a prohibited basis
c. whether a bank’s underwriting criteria are reasonable
or safe and sound
d. whether a banks pricing model is statistically valid
