Electronic Fund Transfers — 1994-03-07 [94-4682]

The Board is publishing for comment a proposal to revise the official staff commentary to Regulation E (Electronic Fund Transfers). This proposal is part of the Board's current review of Regulation E. The commentary interprets the requirements of Regulation E in order to facilitate compliance by financial institutions that offer electronic fund transfer services to consumers. The proposed revisions change the question and answer format to a narrative one in order to make the commentary easier to use and to conform it with the format of the Board's other staff commentaries. It also includes interpretative provisions previously contained in the regulation that were more explanatory in nature.