OCC Advisory on Credit Card Practice-AL-2004-10 in Credit Card Practices

question 296

Multiple Choice

OCC advisory on credit card practice-AL-2004-10 in credit card practices covers:

• A) Finance and credit management practices that may be unfair or deceptive and expose a bank to compliance and reputation risk
• B) Marketing and account management practices that may be unfair or deceptive and expose a bank to compliance and reputation risk
• C) Marketing and account management practices
• D) Marketing and account management practices that may be fair and can't expose a bank to compliance and reputation risk

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Definitions:

Institutions

Organizations or complexes of norms and behaviors that are recognized and accepted in society to fulfill collective functions.

Moral Principles

Fundamental beliefs about what is right and wrong that guide ethical decision-making and behavior.

Rawls's Model

A theoretical framework proposed by philosopher John Rawls that emphasizes principles of justice as fairness, including the veil of ignorance and the difference principle.

Impartial

Not biased, fair; treating or affecting all equally.