Official Staff Commentary

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DEFINITION

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

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 lenders to disclose ...
  2. Consumer Debt

    Debts that are owed as a result of purchasing goods that are consumable and/or ...
  3. Electronic Payments Network - EPN

    An electronic automated clearing house (ACH) that serves as the sole ACH for ...
  4. Bank

    A financial institution licensed as a receiver of deposits. There are two types ...
  5. Consumer Credit

    A debt that someone incurs for the purpose of purchasing a good or service. ...
  6. Gray Charges

    Fees consumers pay via credit card or debit card for unwanted subscription services ...
  7. Treasury Direct

    The online market where investors can purchase federal government securities ...
  8. Overnight Rate

    The interest rate at which a depository institution lends immediately available ...
  9. Helicopter Drop

    A hypothetical, unconventional tool of monetary policy that involves printing ...
  10. Discount Rate

    The interest rate charged to commercial banks and other depository institutions ...
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