Credit lender stocks fell this week after President Trump suggested a 10% cap on credit card interest rates. While this proposal received pushback in the US, Klarna co-founder and CEO Sebastian Siemiatkowski told Bloomberg TV that Trump could go even further with a policy like this in a bid to return more money to consumers.
Klarna Co-Founder and CEO Sebastian Siemiatkowski speaks with Julie Hyman about his perspective on Trump’s credit card policy proposal and the broader fintech landscape as it pertains to consumers.
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