The Killeen office has moved from Suite 107 to 106B (next door to previous office) in the One Killeen Center.
Meeting with attorney by appointment only.

Skip to content

NACBA Supports Bill That Would Require Banks to Update Discharged Debts

by Erin B. Shank

Newly introduced legislation, known as the “Consumer Reporting Fairness Act,” has recently gained support from consumer advocates, as well as the National Association of Consumer Bankruptcy Attorneys (NACBA).

The bill, proposed by a number of senators, would require banks to properly update debts that have been paid or discharged through bankruptcy by making sure a zero balance is shown on credit reports. Millions of Americans deal with so-called “zombie debts” that continue to appear on their credit report even after they have been paid or discharged. When banks fail to fairly report individuals’ true credit, these people often have to deal with decreased credit scores, making it even more difficult to rebuild their lives. If this act were to pass, banks would not only be required to remove debt from credit reports in a timely manner, but consumers would also have the means to take legal action against banks if they fail to do so.

Erin B. Shank, P.C., is a Waco bankruptcy attorney who also serves as the State Chair of the NACBA in the Western District of Texas. Discuss whether bankruptcy is the right way for you to protect your financial security by calling her offices in Waco at (254) 296-1161 today.

erin b shank

I have been practicing exclusively bankruptcy law in Texas for almost 40 years. Unlike most other law firms, my firm is exclusively dedicated to helping individuals and small businesses find a way out of their financial difficulties through the use of our nation’s bankruptcy laws.

Associations & Awards
  • Client Companion Award | Erin B. Shank
  • Avvo Review Badge
  • Preeminent Award | Erin B. Shank
  • avvo
  • state bar of texas
  • avvo
  • Avvo Top Attorney Badge
  • GreaterWacoChamber
  • nacba
Law Pay Image
Office Locations
Killeen Office
Waco Office