2023 BOI LII Quiz: Thursday, 10.12.23

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* 1. Your name.

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* 2. On March 16, 2022, the OCC issued a Final Rule clarifying the OCC’s authority to issue __________ from the requirements of the OCC’s SAR rules.

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* 3. True or False. In order to cite a violation of Section 5 of the FTC Act (UDAP), only one of the tests -- unfairness or deception -- needs to be satisfied.

True

False

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* 4. Why is project planning important to bankers?

It helps ensure change initiatives are successful

It honors the people involved in change initiatives

It is a highly encouraged activity outlined by the FFEIC and OCC

All of the above

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* 5. What are three things a project manager monitors for project success?

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* 6. If your project is not aligned with the company's _______, it will likely not be successful.

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* 7. True or False. When a bank engages a vendor, any risk is now the responsibility of that vendor.

True

False

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* 8. True or False. The date by which you must notify a vendor you will not be renewing the contract is the termination date.

True

False

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* 9. True or False. You must become familiar with your vendor's vendors, in other words, 4th Party vendors.

True

False

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* 10. Which core has a "leg up" with BAAS banking?

DCI

FISERV

FIS

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* 11. _ ___ is a bankers-only community where conversations are driven by fact and data. It's a social platform for collaboration and education. It gives community banks an unbiased opinion of vendors and will allow them to see other vendors they can integrate with, message board, etc.