Chase Bank forgives all credit card debt for Canadian customers

https://www.msn.com/en-us/money/companies/chase-bank-forgives-all-credit-card-debt-for-canadian-customers/ar-AAFA2of?li=BBnb7Kz

I like the last line of the article: A 24-year-old university student, she said: "It's kind of like I'm being rewarded for my irresponsibility."

Maybe I should start racking up some dept and hope this will happen here.

Pretty nice, eh?

If it sounds too good to be true, it probably is.
JP Morgan-Chase seems to find a way to avoid losing money, even when they've agreed to it..
https://www.thenation.com/article/how-americas-biggest-bank-paid-its-fine-for-the-2008-mortgage-crisis-with-phony-mortgages/

The accounts had been closed since march 2018. That means these were probably beyond the ordinary, "pay your bill in full" users. Still surprising though. I am not surprised though they got out of the Canadian market, with its ever growing users protection policies.

I doubt it was done out of generosity. Probably cheaper for them for some reason.