American Land Title Association
Home  >  News Room
News Room


SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software


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.


CFPB, FTC Pledge Coordination to Regulate Financial Products

January 24, 2012

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) signed a Memorandum of Understanding to coordinate efforts to protect consumers and avoid duplication of federal law enforcement and regulatory efforts.

“Entering this agreement with the FTC is important to making sure markets for consumer financial products are getting efficient and effective federal government oversight,” said Richard Cordray, Director of the CFPB. “We are both motivated by the same thing: To do right by consumers. We look forward to this partnership.”

With the launch of the CFPB on July 21, 2011, the two agencies now share responsibilities for regulating financial products and services. The Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the CFPB, requires the CFPB and the FTC to work together to coordinate their enforcement activities and promote consistent regulatory treatment of consumer financial products and services.

In the MOU, the agencies have supplemented the requirements of the Dodd-Frank Act to create a framework for coordination and cooperation. Among the points the two agencies have agreed to:

  • Meet regularly to coordinate upcoming law enforcement, rulemaking, and other activities.
  • Inform the other agency, absent exigent circumstances, prior to initiating an investigation or bringing an enforcement action. This notice will prevent duplicative or conflicting enforcement efforts and undue burdens on industry.
  • Consult on rulemaking and guidance initiatives to promote consistency and reflect the experience and expertise of both agencies.
  • Cooperate on consumer education efforts to promote consistency of messages and maximum use of resources.
  • Share consumer complaints.



Print Friendly


How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
www.alta.org
service@alta.org
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment