ABC Bank Has an Interactive Internet Web Site at Which

question 256

Multiple Choice

ABC Bank has an interactive Internet Web site at which it takes consumer credit applications. At the time an applicant completes an application on the Web site and submits it, the applicant also is asked for his or her email address. If the application is denied, ABC sends an adverse action notice to the applicant's email address listed on the application. Using this procedure, what is ABC Bank's responsibility?

• A) Post the notice on its Web site also
• B) Send a paper notice by regular mail also
• C) Use a credit scoring system
• D) Obtain the applicant's affirmative consent before sending the notice

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Definitions:

Collectivist Cultures

Societies that emphasize the needs and goals of the group over individual desires or ambitions.

Social Roles

Expected behaviors and responsibilities assigned to individuals based on their position or status within a social group or society.

Interdependence

A condition where individuals or groups are mutually reliant on each other, often seen in social, economic, and ecological contexts.

Social-Cognitive Theorists

Psychologists who study how people learn by observing others and how they interpret and model their behaviors based on their beliefs.