Klarna CEO backs Trump's 10% credit card cap, criticizing rewards as built on poorer borrowers' debt

[VUBot]

Klarna CEO Sebastian Siemiatkowski said President Donald Trump's plan to cap credit card interest rates for a year makes sense. Spencer Platt/Getty Images Klarna's CEO backs Trump's one-year plan to cap credit card interest rates. Sebastian Siemiatkowski says high rates trap lower-income borrowers…

Continue reading...