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The Purpose of Guidelines for National Banks to Guard Against

Question 10

Multiple Choice

The purpose of guidelines for National Banks to Guard against Predatory and Abusive Lending Practices- AL-2003-2 includes all of the following EXCEPT:


A) Provide examples to national banks of practices that may be abusive
B) Advise banks on how they should avoid abusive practices
C) Banks should consider appropriate discount rates, credit loss rates, and prepayment rates when valuing these assets
D) Show how some abusive lending can involve unfair or deceptive practices and therefore violate the Federal Trade Commission Act

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