CRCM, Certified Regulatory Compliance Manager Syllabus Details

CRCM, American Bankers Association Certified Regulatory Compliance Manager is a very significant exam in which the applicants have to answer two hundred multiple choices questions in a period of four hours during which the applicants have to solve the exam with no resources or calculators.

CRCM, American Bankers Association Certified Regulatory Compliance Manager is divided into different parts that are covered in major areas of important learning which include the following topics that are given to the applicants as follows:

The first is Credit consisting of which are Equal Credit Opportunity Act/Regulation B, Consumer Leasing Act/Regulation, Flood Disaster Protection Act and Flood Insurance Regulations, Truth in Lending Act/Regulation, Unfair or Deceptive Acts or Practices/Regulation, Fair Housing Act, Fair Credit Reporting Act/Regulation, Real Estate Settlement Procedures Act/Regulation, Fair Debt Collection Practices Act, Service members Civil Relief Act, Homeowners Protection Act, Insider Lending/Regulation, Credit by banks for the purpose of purchasing or carrying margin stocks/Regulation, Obtaining and using medical info in connection with credit/Regulation, Real Estate Appraisal Regulation, DOD Regulations on Payday Lending, Home Mortgage Disclosure Act/ Regulation, Secure and Fair Enforcement for Mortgage Licensing, Act (SAFE Act)/Regulation and Protecting Tenants at Foreclosure Act.

The CRCM, American Bankers Association Certified Regulatory Compliance Manager second is Deposits containing fifteen percent in the exam in which are the Electronic Funds Transfer Act/Regulation, Federal Benefit Payment Garnishment Rule, Expedited Funds Availability Act/Regulation, FDIC Deposit Insurance Regulations, Reserve Requirements/Regulation and Truth in Savings Act/Regulation.

The third section is Bank Operations consisting ten percent which includes Transactions with Affiliates/Regulation, Financial Disclosure Regulations, Minimum Security Devices and Procedures/Bank Protection Act, Bank Bribery Act, Branch Closing Policy Statements, IRS Regulations, Retail Sales of Non-deposit Investment Products, Financial Records Reimbursement/Regulation, Unlawful Internet Gambling Enforcement Act/Regulation, Consumer Protection and Sales of Insurance, Exceptions from Broker-Dealer requirements/Regulation, FIRREA Civil Money Penalties, Debit Card Interchange Fees and Routing/Regulation, Unfair, Deceptive or Abusive Acts Practices (UDAAP) and FTC Act Section.

Fourth one CRCM, American Bankers Association Certified Regulatory Compliance Manager covering twenty percent in the exam is BSA/AML and OFAC covering which are Bank Secrecy Act, Office of Foreign Asset Control Regulations and Foreign Corrupt Practices Act.

Covering only five percent is CRA which have the detail learning of CRA Sunshine Act/Regulation, Community Reinvestment Act/Regulation, Interstate Branching and Banking Efficiency Act.

Next is the topic of Privacy in which included are the Right to Financial Privacy Act, Privacy of Consumer Financial, Information/Regulation, Children’s Online Privacy Protection Act, Information Security and Provisions of GLBA/FFIEC Guidelines.

CRCM, American Bankers Association Certified Regulatory Compliance Manager provides a very high status to the ones that take the exam and pass it by the help of resources given to study the purpose of which is to pass the applicants in the first go. The whole purpose of the exam is to get certification which is very valuable and it offers the individuals a lot of elementary chances that will be put to good use one has succeeded, so that the skills become greater and the accomplishments increase higher.

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