Trump's 10% credit card rate cap
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Shares of the world’s largest payment networks fell after President Trump took to his Truth Social platform early Tuesday morning to endorse the Credit Card Competition Act. Visa dropped 4.5% in Tuesday trading,
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Klarna CEO backs Trump's 10% credit card cap, criticizing rewards as built on poorer borrowers' debt
Even people who don't use credit cards pay more for everyday goods because merchants raise prices to cover card fees, said Klarna's CEO.
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