WASHINGTON - House Financial Services Committee Chairman Michael G. Oxley may introduce legislation to create a centralized database for federal and state regulators to share information about industry professionals with a record of fraud, his spokeswoman said Tuesday.

"We need a coordinated anti-fraud computer system that establishes an automated information connection among regulators," Rep. Oxley said at a subcommittee hearing on ways regulators can protect consumers and financial companies themselves from financial criminals.

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