WASHINGTON — The Federal Reserve Board on Tuesday revised its staff commentary interpreting Regulation E, which governs electronic funds transfers.

The revisions to the commentary are meant to clarify the rule’s application to transactions in which a consumer allows a blank check to be used to initiate a direct debit from a checking account. The rule applies to both one-time withdrawals and recurring debits. The new staff commentary, which is available on the Fed’s Web site, also makes a number of technical amendments to the original rule.

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