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

Klarna CEO Sebastian Siemiatkowski said President Donald Trump's plan to cap credit card interest rates for a year makes sense.

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• Klarna's CEO backs Trump's one-year plan to cap credit card interest rates.
• Sebastian Siemiatkowski says high rates trap lower-income borrowers in costly debt.
• He says credit card rewards mainly benefit wealthier consumers.

Klarna CEO Sebastian Siemiatkowski has expressed support for President Donald Trump's...