OCC advisory on credit card practice-AL-2004-10 in credit card practices covers:
OCC advisory on credit card practice-AL-2004-10 in credit card practices covers:
The OCC advisory on credit card practice-AL-2004-10 focuses on marketing and account management practices that might be unfair or deceptive, which could lead to compliance and reputation risks for a bank. This aligns with the purpose of the advisory issued by the Office of the Comptroller of the Currency (OCC) to ensure fair and transparent practices in the banking sector.
The OCC advisory on credit card practices (AL-2004-10) specifically covers marketing and account management practices that may be considered unfair or deceptive. These practices have the potential to expose a bank to compliance and reputation risks, as outlined by the Office of the Comptroller of the Currency (OCC).