Klarna CEO backs Trump's 10% credit card cap, criticizing rewards as built on poorer borrowers' debt [Business Insider]
Synchrony Financial (SYF)
Last synchrony financial earnings: 4/21 06:30 am
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Source: Business Insider
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in 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 call to cap US credit card interest rates at 10% for one year. "I think Trump is wise here and is proposing something that makes a lot of sense," Siemiatkowski told CNBC on Monday. Siemiatkowski said traditional credit cards are designed to push consumers to put most or all of their spending on credit and carry large balances at high interest rates. That structure, he said, incentivizes people to borrow as much as possible and leads to higher losses, particularly among lower-income borrowers. "Capitalism is great, but anarchy is not
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News
- Is Synchrony Financial (SYF) Pricing In Its Recent 11% Slide And Credit Card Partnerships? [Yahoo! Finance]Yahoo! Finance
- Why Synchrony Financial (SYF) Is Down 11.8% After Trump's Proposed Credit Card Rate Cap - And What's Next [Yahoo! Finance]Yahoo! Finance
- Synchrony Financial: The Dip Made Valuation Synchronized With Fundamentals [Seeking Alpha]Seeking Alpha
- Klarna CEO backs Trump's 10% credit card cap, criticizing rewards as built on poorer borrowers' debt [Yahoo! Finance]Yahoo! Finance
- Why Trump's idea for a 10% cap on credit card rates could backfire, according to UBS [Yahoo! Finance]Yahoo! Finance
SYF
Earnings
- 10/15/25 - Beat
SYF
Sec Filings
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- 1/5/26 - Form 4
- SYF's page on the SEC website