1.
The Dodd-Frank and Consumer Protection Act created which Federal Agency?
A. 
The Consumer Financial Protection Bureau (CFPB)
B. 
The Department of Financial Institutions (DFI)
C. 
Federal Trade Commission (FTC)
2.
A Check City employee may decline a loan applicant if the customer applying for the loan is receiving public assistance?
3.
The Fair Credit Reporting Act (FCRA) is laws that protect information collected by consumer reporting agencies (i.e. CoreLogic/Teletrack, CL Verify, Experian, TransUnion & Equifax) which are used for credit evaluation?
4.
If a consumer is applying for a loan and Check City has denied their application we are required to give the customer what document?
A. 
Currency Transaction Report & Privacy Policy
B. 
Credit Decline Notice & Privacy Policy
C. 
Money Service Report & Privacy Policy
D. 
Adverse Action Notice & Privacy Policy
5.
The Truth-in-Lending Act (TILA) requires that the customer receive information about the loan terms and cost of a credit transaction as a Weekly Percentage Rate (WPR).
6.
The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from customers.
7.
Which of the following are debt collectors prohibited from doing?
A. 
Use obscene or profane language.
B. 
Cause a telephone to ring repeatedly just to annoy and harass the person.
C. 
Use misleading information to collect from a person.
D. 
8.
What does EFTA stand for?
A. 
Electronic Fund Transfer Act
B. 
Electronic Federal Transfer Act
C. 
Electronic Funds Truthfully Act
D. 
9.
At what percent does the Military Lending Act provide an interest cap?
A. 
B. 
C. 
D. 
10.
Check City DOES lend to active members of the military?
11.
Adverse Action simply means the customer has been denied credit.
12.
Which of the following is NOT an example of an Electronic Funds Transfer?
A. 
Making a car loan payment through your remote banking program
B. 
Send a $500 Western Union wire transfer to your family in South Africa
C. 
Paying off a payday loan early with a money order
D. 
Using a debit card to purchase groceries at Walmart
13.
The Gramm-Leach-Bliley (GLB) Act requires companies defined under the law as “financial institutions” to ensure the security and confidentiality of a customer's personal financial information?
14.
The Red Flag Rule requires organizations to implement a written:
A. 
Anti-Money Laundering Program
B. 
Identity Theft Prevention Program
C. 
D. 
Fair Credit Reporting Program
15.
The Consumer Financial Protection Bureau (CFPB) oversee products and services to ensure:
A. 
Consumers get the information they need to make a good financial decision
B. 
That prices are clear up front and risks are visible
C. 
Nothing is buried in fine print
D. 
16.
The Equal Credit Opportunity Act's purpose is to make credit equally available to all creditworthy customers without regard to gender or marital status. Moreover, the ECOA prohibits credit discrimination on the basis of race, color, religion, national origin, gender, marital status, age, or because a consumer gets public assistance.
17.
In addition to TILA boxes on every loan agreement, Check City posts the terms, rates, and APR on the signs in our lobby as well as on our website?
18.
Pretexting occurs when an individual texts another individual and asks them to send money?
19.
Does money laundering expose the source of illegal proceeds?
20.
The Federal Trade Commission (FTC) goal is to EXPOSE consumers to fraud and deception as well as unfair business practices in the market place?
21.
UDAAP stands for?
A. 
United Democracy Avoiding Abusive Practices
B. 
Unfair, Deceptive or Abusive Acts or Practices
C. 
Unfair Decisions About APR
D. 
Unfair, Deceptive or Anonymous Acts or Practices
22.
Refusing to release a lien after a consumer makes a final payment would be an example of an Unfair, Deceptive or Abusive Acts or Practices (UDAAP) violation?
23.
If a customer sets up reoccurring payments (2 payments or more) on their past due balance with a debit card. We are required to send the customer a written notice of their payment schedule. The schedule must include the date of the payments and the amounts?
24.
A customer applies for a loan. We pull a Teletrack report (3rd Party Credit Report) with an FIS Score. We deny the customer credit. We are not required to provide the credit score in the customer's adverse action notice?
25.
This advertisement would be a violation under what rules?
A. 
B. 
Unfair Deceptive Abusive Acts or Practices (UDAAP)
C. 
Military Lending Act (MLA)
D. 
Federal Truth and Advertising Commission (FTAC)