IIA
IIA-CFSA · Question #260
Selectively increasing the price of a mortgages loan above the bank's established rate to certain customers ("overages") may have the effect of discriminating against those customers .This practice…
The correct answer is C. litigation or regulatory action (compliance Risk). See the full explanation below for the reasoning.
Question
Selectively increasing the price of a mortgages loan above the bank’s established rate to certain customers (“overages”) may have the effect of discriminating against those customers .This practice left undetected and not properly controlled may raise the possibility of:
Options
- AReputation risk
- BPrice risk
- Clitigation or regulatory action (compliance Risk)
- DStrategic Risk
How the community answered
(28 responses)- A4% (1)
- B7% (2)
- C79% (22)
- D11% (3)
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