The Federal reserve’s commentary that provides an explanation of the interpretations of regulations while acting as a guide to consumer’s exercise of rights. The format of the commentary follows that of a question and answer. It focuses on relevant aspects of the consumer protection regulation. Until today, the commentaries have ranged from Regulation E pertaining to electronic transfer funds, and Regulation Z which talks about consumer credit.

More On This Topic

Link to This Definition
Did you find this definition of OFFICIAL STAFF COMMENTARY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary