CRCM case studies
CRCM · Put your knowledge to work in context.
The Certified Regulatory Compliance Manager (CRCM) is a professional credential for people who manage or advise on regulatory compliance inside banks and other depository institutions. It is offered within the certification family of the American Bankers Association, alongside credentials such as the CTFA, CFMP, CAFP, CERP and CISP. The CRCM case studies are 5 cases and about 4,384 words.
1Free & Clear Checking: Advertising Claims, Overdraft Opt-In, and Fee Changes
Riverbend Community Bank ( 860 million in assets) launched 'Free & Clear Checking' six weeks ago. The website headline reads 'Free & Clear Checking - 0 monthly fee,' and lobby posters carry the same line.
927 words, about 5 min2Mixed-Use Commercial Purchase: Flood Coverage, HMDA, and Force Placement
Northgate Bank receives a 2.4 million loan request from Oak Street Holdings, LLC to purchase a four-unit building. The ground floor is leased retail space occupying 35% of the building's square footage; the three upstairs units are apartments.
863 words, about 4 min3Fintech Deposit Program: FDIC Claims, Rate Advertising, and Contractual Abdication
Summit Bank ( 4.2 billion) supplies deposit accounts to a fintech app called SavingsHub under a program agreement. SavingsHub runs paid social ads: 'Earn 5.10% APY - 10x the national average.
794 words, about 4 min4Trust Department Annuity Placement for an Older Client
A 1.9 billion bank's trust department administers a 620,000 IRA for a 78-year-old client, Margaret, under a discretionary investment management agreement. Her objective is income and capital preservation, and the IRA is her primary retirement funding source.
862 words, about 4 min5Ninety Days to Examination with No Compliance Officer and Two Unreviewed Products
A 3.1 billion bank's compliance officer resigned five months ago; the deputy is acting in the role while also running BSA. The enterprise compliance risk assessment was last refreshed 20 months ago, before the bank launched two products: a small-dollar installment loan ( 300–$1,200, 36% APR, originated through a third-party platform) and a round-up savings feature that moves spare change from checking to savings and advances funds when the round-up would overdraw the account.
938 words, about 5 min