Cheaper than maintaining the regulatory apparatus to collect if they wound down enough debt.
Am I reading this article correctly? Chase just said, “You don’t have to pay?”https://www.reuters.com/article/us-jp-morgan-canada/jp-morgan-unit-forgives-credit-card-debt-of-canadian-customers-idUSKCN1UY2QA …
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Hey Elizabeth Warren -- maybe you can convince banks to "forgive" all credit card debt in the United States?
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"We are willing to sustain a major loss just to be permanently rid of your business. No offense intended."
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Or.. "We need to get out of this market ASAP.." Why?
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For the 1st time, I'm considering a move to Canada
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I’m sure there’s plenty of South Americans we can trade our pieces of $ for. Imagine the properties available for housing if we got rid of Zuckerberg & Bezos alone
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As of now I hereby declare myself to be Canadian!
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Bet their stockholders are overjoyed.
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>as part of the U.S. bank’s move to exit the Canadian credit card market they should exit US credit card market >expect interest rate hikes. they did the numbers.pic.twitter.com/P3FEMGCbKu
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They canceled all Canadian credit accounts, I believe they are forced to forgive the debt as a termination "at will" of the contract, but I'm no expert.
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I'd be happy if they just once forgave my NSF fee
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Sorry,,,,
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Yes. They pulled out of Canada all together, so forgave all debt
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What????
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