Continuing EduCation Quiz
CRCM
Certified Regulatory
Compliance Manager
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.
Ethics and Compliance: Now Is the Time to Take
Action
By Jeanine Catalano
1. Which government agency in January 2003 issued a
regulation requiring each public company to disclose
whether or not it has adopted a code of ethics that
applies to certain of the company’s key officers?
a. Federal Reserve
b. Federal Deposit Insurance Corporation
c. Securities and Exchange Commission
d. Office of the Comptroller of the Currency
2. Which government agency in its 2008 supervisory
letter noted, “The board [of directors] has the
responsibility for promoting a culture that encourages
ethical conduct and compliance with applicable rules
and standards?”
a. Federal Reserve
b. Federal Deposit Insurance Corporation
c. Securities and Exchange Commission
d. Office of the Comptroller of the Currency
3. Which federal agency issued the “most explicit”
guidance in a Financial Institution Letter, “Corporate
Codes of Conduct—Guidance on Implementing an
Effective Ethics Program?”
a. Federal Reserve
b. Federal Deposit Insurance Corporation
c. Securities and Exchange Commission
d. Office of the Comptroller of the Currency
Social Media Revolution: Not Just Compliance
Concerns
By Carl G. Pry, CRCM
4. In addition to high ethical standards that would apply
to any form of communication, a good “rule of thumb”
is to apply the same rules to social media that you
would apply to:
a. Internet content
b. written disclosures
c. internal memos
d. print media advertising
5. Whereas logging refers to recording posted content,
archiving means:
a. version control
b. editing
c. record retention
d. examination
6. Losing a job because of something posted on a social
media site is referred to as:
a. Cisco Fatty
b. Facebook Fired
c. Twitter Twit
d. Linked Out
7. Which of FINRA’s social media third-party guidance
theories means that you’re assumed to have blessed
what appears on your site, whether you knew about it
or not?
a. adoption theory
b. association theory
c. attributed theory
d. entanglement theory
Fair Lending Data Analytics in Plain English
By Michael J. Brauneis, Scott T. Temby, and Joe Wojkowski,
Ph.D.
8. There is a “little-known provision” in which law/
regulation that requires the Federal Reserve to conduct
a study of certain creditor practices and the impacts of
those practices on minority borrowers?
a. Regulation AA
b. Equal Credit Opportunity Act (ECOA)
c. Home Affordability Modification Program (HAMP)
d. Credit CARD Act of 2009
9. The common fair lending data analytics test that
compares the means, or averages, of two groups on
a continuous, or linear, variable (price, rate, amount,
processing, time, etc.) is:
a. T-Test
b. Chi-Squared
c. Regression
d. Statistical
10. The common fair lending data analytics test that
compares the means, or averages, of two groups on a
categorical, “yes/no” variable (approvals, denials, etc.)
is:
a. T-Test
b. Chi-Squared
c. Regression
d. Statistical
