technology

Americans 'Ripped Off' By Credit Cards, Says Klarna CEO

13 Ocak 2026Bllomberg

🤖AI Özeti

Klarna CEO Sebastian Siemiatkowski has criticized the high credit card interest rates in the U.S., claiming that Americans are being 'ripped off.' He highlighted the effectiveness of rate caps in Europe and discussed President Trump's proposal for a one-year 10% cap on credit card rates during an interview on 'Bloomberg Tech.' This conversation raises important questions about consumer protection and financial regulation in the U.S.

💡AI Analizi

Siemiatkowski's remarks reflect a growing concern over the financial practices in the credit card industry, especially in light of the economic pressures faced by consumers. The comparison with European rate caps suggests a potential shift in the U.S. towards more consumer-friendly policies. However, the feasibility and impact of such caps remain to be seen, particularly in a market driven by profit motives.

📚Bağlam ve Tarihsel Perspektif

Credit card debt in the U.S. has reached alarming levels, with interest rates often exceeding 20%. The discussion around interest rate caps is gaining traction as more consumers struggle with debt, prompting calls for regulatory changes similar to those seen in Europe.

This article reflects the opinions of Klarna CEO Sebastian Siemiatkowski and does not necessarily represent the views of Bloomberg or its affiliates.