BANK BRIBERY ACT Flashcards
waiving a loan applicant’s fee in return for a favor is likely to be a violation of the bba. True or False?
NCUA has establised a specific dollar amount appropriate for business-purpose entertainment or gifts. True or False?
Under the BBA “officials” are all employees, management, and volunteers of the CU. True or False?
CU officials are allowed to accept a gift (something of value) in connection with CU business if the official fully discloses the gift to, and receives teh approval in writing from, CU management and/or the Board. True or False?
CU volunteers and employees can accept discounts or rebates on merchandise from vendors for personal use, provided the same offer are available to other members. True or False?
if a CU volunteer or employee is a close friend of a vendor who wants to do business with the CU, the NCUA recommends that the volunteer or employee should disclose the friendship to upper management or the board. True or False?
