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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Rep. Oxley Releases GAO Report on Information Sharing To Enhance Consumer Protection

July 29, 2004

House Financial Services Committee Chairman Michael G. Oxley (OH) released a report from the General Accounting Office (GAO) on improving information sharing capabilities among financial services regulators as a means to enhancing consumer protection.

Related Links:
GAO: Better Information Sharing Among Financial Services Regulators Could Improve Protections for Consumers [pdf]

The report underscores aspects of information sharing where improvements can be made, including: access to Federal Bureau of Investigation criminal history data, sharing of regulatory enforcement data, and sharing of consumer complaint data.

In the October 2002 request letter to the GAO Oxley states, “It is critical that financial regulators keep pace with changes in the marketplace and eliminate any gaps in functional oversight." Oxley went on to ask the GAO to, “Explore whether complaint data available to regulators can be used to identify any pervasive problems with particular financial services products, and the extent to which regulators share available information and coordinate market conduct oversight within and between financial sectors."

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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