A tax and spending package Trump signed July 4 nearly halves the watchdog's annual funding. Resources may be stretched to police consumer financial laws.

• President Trump signed a so-called big beautiful bill on July 4 that nearly halves annual funding for the Consumer Financial Protection Bureau.
• CFPB funding would fall to 6.5% of the annual operating expenses of the Federal Reserve, down from 12%. That's the lowest share in agency history.
• Consumer advocates say the funding will weaken the bureau's ability to police financial firms and consumer financial laws.