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Klarna CEO calls credit cards interest rates an 'extraction machine,' backs Trump's proposed 10% rate cap

Details
19 January 2026
Klarna CEO Sebastian Siemiatkowski supports President Trump's proposed 10% cap on credit card interest rates, calling current practices an "extraction machine."

Orignial Source:

https://www.foxbusiness.com/media/klarna-ceo-calls-credit-cards-interest-rates-extraction-machine-backs-trumps-proposed-10-rate-cap


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