Klarna CEO calls credit cards interest rates an 'extraction machine,' backs Trump's proposed 10% rate cap 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 Previous article: McDonald's plans massive overhaul with major changes to restaurants, pricing and menus Prev Next article: Washington's proposed millionaire tax sparks concerns of broader levy, 'damage' to state's economy Next