Official Staff Commentary

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DEFINITION of 'Official Staff Commentary'

Commentary published by the Federal Reserve. Official staff commentaries are laid out in a question-and-answer format. They are used by the Federal Reserve Board's Division of Consumer and Community Affairs to provide formal interpretations of regulations.

INVESTOPEDIA EXPLAINS 'Official Staff Commentary'

For example, an official staff commentary was covered to address Regulation E and electronic transfers of funds (EFTs). Another official staff commentary was issued concerning Regulation Z and consumer credit.

RELATED TERMS
  1. Regulation Z

    A specific Federal Reserve Board regulation that requires debt ...
  2. Consumer Debt

    Debts that are owed as a result of purchasing goods that are ...
  3. Consumer Credit

    A debt that someone incurs for the purpose of purchasing a good ...
  4. Electronic Payments Network - EPN

    An electronic automated clearing house (ACH) that serves as the ...
  5. Bank

    A financial institution licensed as a receiver of deposits. There ...
  6. Adverse Credit History

    A track record of poor repayment history on one or more loans ...
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