OPINION & ORDER Defendant JPMorgan Chase Bank, N.A. (“Chase”), and Defendants TransUnion, LLC, Equifax Information Services, LLC, and Experian Information Solutions, Inc., (collectively, the “CRAs” and together with Chase, the “Defendants”),1 have moved to dismiss Plaintiff’s First Amended Complaint pursuant to Federal Rule of Civil Procedure 12(b)(6). (ECF Nos. 45, 47.) For the reasons set forth below, Defendants’ motions are GRANTED. I. BACKGROUND For purposes of these motions, the Court accepts as true the facts, but not the conclusions, alleged in the First Amended Complaint. (See ECF No. 42 (“FAC”).) A. Facts This lawsuit pertains to two of Plaintiff’s Chase credit card accounts, one ending in 557 and the other ending in 323 (together, the “Accounts”), that were charged off. (FAC
17, 19.) To “charge off” is “to treat (an account receivable) as a loss or expense because payment is unlikely; to treat as a bad debt.” Charge Off, Black’s Law Dictionary (12th ed. 2024). In other words, “a creditor charging off or writing off a debt is simply an internal accounting action by which the creditor stops carrying the debt as a receivable because the chances of collecting it are so low.” Ostreicher v. Chase Bank USA, N.A., No. 19-CV-8175, 2020 WL 6809059, at *4 (S.D.N.Y. Nov. 19, 2020); see Artemov v. TransUnion, LLC, No. 20-CV-1892, 2020 WL 5211068, at *3 (E.D.N.Y. Sept. 1, 2020) (“[C]harging off a debt is a business practice where a creditor writes off a debt and no longer considers the account balance an asset for accounting purposes.”).2 Federal regulations require banks to charge off debt that is past due by more than 180 days so that their balance sheets do not “misleadingly reflect accounts as assets that have little chance of achieving their full valuation,” Artemov, 2020 WL 5211068, at *3, but a charge off “does not equate to debt forgiveness” and “does not diminish the legal right of the original creditor to collect the full amount of the debt,” id. at *4. Charge offs are “one of the most adverse factors that can be listed on a credit report.” Id. Chase informed the CRAs that both accounts were charged off in 2019, and the CRAs began reporting that information. (FAC
