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Albuquerque, NM - This morning, New Mexico Attorney General Hector Balderas addressed the Consumer Financial Protection Bureau (CFPB) at a field hearing that was held in downtown Albuquerque regarding proposed federal rule changes for arbitration clauses. Attorney General Balderas is the chief law enforcement officer of New Mexico and is tasked with protecting the state’s consumers and vulnerable populations. The Attorney General made it clear that he will work with the CFPB to protect New Mexico consumers and root out the bad actors that prey on low-income, distressed and minority consumers. In addressing the CFPB, Attorney General Balderas endorsed the proposed rule changes by the federal government to ban the use of one-sided, forced arbitration clauses that only benefit big businesses and harm New Mexico consumers.

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