Trump’s ‘big beautiful bill’ slashes CFPB funding: What it means for you

Key Points

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.

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