New York. Chief Executive Officers (CEOs) of banks on Tuesday warned the White House regarding the policies of US President Donald Trump's administration and said that these actions will cause more harm than good to the American economy. President Donald Trump in JulyOne Big Beautiful BillIt was signed into law. The bill then led to another significant round of tax cuts and also nearly halved the budget of the Consumer Financial Protection Bureau, which has often been a staunch enemy of the banking industry.