Comments on Proposed Revisions to Staff Commentaries to Regulation Z and Regulation E, Circular No. 89-72

F e d e r a l R e s e r v e B a n k OF DALLAS W IL L IA M H. W A LLA C E FIRST VICE PRESIDENT AND CHIEF OPERATING OFFICER DALLAS, TE X A S 7 5 2 2 2 November 24, 1989 Circular 89-72 TO: The Chief Executive Officer of all member banks and others concerned in the Eleventh Federal Reserve District SUBJECT Comments on Proposed Revisions to Staff Commentaries to Regulation Z and Regulation E DETAILS The Federal Reserve Board has issued for public comment proposed revisions to its staff commentaries to Regulation Z - Truth in Lending, and to Regulation E - Electronic Funds Transfer. Comment is requested by January 19, 1990.

The proposed revisions to the Regulation Z Staff Commentary primarily address the amendments implementing the Fair Credit and Charge Card Disclosure Act and the Home Equity Loan Consumer Protection Act. Many of the other proposed revisions were developed in response to requests by creditors for additional guidance on issues such as tax refund anticipation loans, the price-level adjusted mortgage, and open-end credit advertising. The proposed revisions to the Regulation E commentary discuss stoppayment orders where there has been a revocation of a preauthorized debit. Copies of the Board’s notice may be obtained by contacting the Public Affairs Department at (214) 651-6289. MORE INFORMATION For more information, please contact Dean Pankonien at (214) 651-6228. For additional copies of this circular, please contact the Public Affairs Department at (214) 651-6289.

Sincerely yours, For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate).

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