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CRCM Exam - Question 55


Practice/s addressed in the guidance of OCC advisory on credit card practices-AL-2004- 10 is/are:

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Correct Answer: ABC

The guidance on credit card practices addressed by the OCC advisory AL-2004-10 includes 'Up-to' marketing, promotional rate marketing, and repricing of accounts and other changes in credit terms. This guidance aims to ensure fair and transparent practices, which are critical for consumer protection. 'Lending to insiders' does not fall under the typical practices addressed in this advisory specific to credit cards.

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Cam22Option: C
Mar 15, 2024

The OCC advisory on credit card practices (AL-2004-10) addresses practices such as repricing of accounts and other changes in credit terms. This guidance focuses on ensuring fair and transparent practices related to credit card accounts, including how changes in terms are communicated to consumers.