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.
A Delicate Balance: Managing CRA in the Current
Economic Climate
By Karen Tucker, NBE, and
Calvin R. Hagins, CRCM, CRP, AMLP
1. Although they are not considered originations or
purchases of loans, financial institutions may receive
CRA consideration for providing:
a. home equity lines of credit
b. home mortgage loan modifications
c. second mortgages
d. refinancings
2. An “in-kind” donation could be all of the following
EXCEPT:
a. furniture
b. computers
c. real property such as OREO
d. property donated to a government-owned land bank
Risk Management for Community Banks
By Wylli Foote, CRCM
3. In the author’s simplistic method of presenting
risks, what do a red light and a down arrow represent?
a. moderate risk, increasing
b. high risk, decreasing
c. high risk, stable
d. low risk, stable
4. In the author’s simplistic method of presenting
risks, what do a yellow light and an up arrow
represent?
a. moderate risk, increasing
b. high risk, decreasing
c. high risk, stable
d. low risk, stable
Compliance Due Diligence
for Mergers and Acquisitions
By Carl G. Pry, CRCM
5. Because multiple teams work like crazy to
formulate opinions on the benefits and risks of the
possible transaction, a due diligence review of a
potential acquisition is like a(n):
a. ant hill
b. mole hill
c. bee hive
d. wasp’s nest
6. What section of due diligence could also be titled
“mission statement?”
a. board of director minutes
b. compliance charter
c. policy and procedures manuals
d. regulatory examination reports
7. According to the author, which documents
often serve as “alarm bells” of eventual regulatory
criticism?
a. policy and procedure manuals
b. regulatory examination reports
c. internal or external auditor reports
d. risk assessments
Survey Reveals Expanded, Stressful Role
for Compliance Officers
By Joseph M. Kelly, Senior Editor
8. For the largest banks, the percentage of compliance
officers who also serve as BSA officers increased from
16 percent in 2007 to what percentage in 2009?
a. 25 percent
b. 50 percent
c. 75 percent
d. 93 percent
9. According to the survey data, which poses the
overall highest risk for the largest banks?
a. Bank Secrecy Act
b. Community Reinvestment Act
c. Regulation DD
d. Regulation W
Internet Gambling Regulation Compliance:
Four Focus Points for Banks
By Stephen Kenneally
10. Which of the following is NOT one of the four keys
to bank UIGEA compliance?
a. screening commercial customers at account opening
b. screening consumer customers at account opening
c. new notice requirements for commercial customers
d. policies and procedures to block prohibited
transaction conducted via debit or credit cards
