A banker uses the information a client enters in a loan application to sell other financial products to this client.This action is _____.

Question

Quizplus · Accepted Answer

While it may be legal for a banker to use the information provided in a loan application to try and sell additional financial products, it is considered unethical as it takes advantage of the trust the client has placed in the banker. The client expects the banker to use their information solely for the purpose of obtaining the loan and not to use it for personal gain.

A Banker Uses the Information a Client Enters in a Loan