Megan Stumph-Turner’s practice is focused on civil litigation, with an emphasis in the areas of creditors’ rights, financial services, real estate, and commercial litigation.
Megan has represented mortgage servicers and many other financial institutions in thousands of cases throughout all stages of litigation, including several dozen trials. While financial services litigation remains her primary area of focus, Megan’s litigation practice has also included representation of defendants in commercial disputes, construction cases, employment litigation, and product liability claims.
In addition to her civil litigation practice, Megan has been a panelist speaker at financial services legal conferences and has provided onsite training services concerning both state-specific and nationwide legal trends affecting the financial services industry. Megan has also been retained as an expert witness in litigation relating to a mortgage servicing dispute.
Megan received her undergraduate degree from William Jewell College in Liberty, Missouri, and her Juris Doctor from the University of Missouri – Columbia. During law school, she competed in Board of Advocates events for trial advocacy and was a member of the Family Violence Clinic, providing legal assistance to victims of domestic violence. While attending college at William Jewell, Megan also cheered for the Kansas City Chiefs football team.
She serves as the Kansas City Women’s Affinity Group Liaison to the firm’s Diversity Committee, and she enjoys her time volunteering as a reading mentor for Lead to Read KC.
- USDC, District of Kansas
- USDC, Eastern District of Missouri
- USDC, Western District of Missouri
- USDC, Southern District of Iowa
- University of Missouri - Columbia, J.D.
- William Jewell College, B.A. (Political Science)
| The U.S. Supreme Court recently granted certiorari review of a FCRA class action jury verdict out of the Ninth Circuit. The case has enormous implications for class actions where the punitive and statutory damages dwarf any actual injury of the class members.
| In a year full of financial hardship, retail fraud and e-commerce scams threaten to damage both businesses and consumers. So, what are consumers to do if they believe they are the victim of a gift card scam? And what steps can retailers, banks and other financial institutions take to limit potential heartache during the season of giving?
| The U.S. Supreme Court has Settled the Debate Once and for All: The Single-Director, Terminable Only For-Cause Structure of the CFPB is Unconstitutional.
| The Missouri Court of Appeals held that a plaintiff had standing to sue under the FCRA, where an offer of employment was revoked due to an inaccuracy on his criminal background report.
| An additional $310 billion in funding for the Paycheck Protection Program was approved by the United States Legislature, and applications resumed this Monday. But many small businesses still have questions about how to use the money, how to qualify for forgiveness, and whether the PPP Loan Program is right for them.
| As we previously reported, last week, Kansas Governor Laura Kelly issued Executive Order 20-06 prohibiting evictions, foreclosures and any related judicial proceedings in the State of Kansas through May 1, 2020. Now, Governor Kelly has issued Executive Order 20-10, which amends and supersedes the previous order and provides additional clarification on certain points
| In response to the COVID-19 pandemic, Kansas Governor Laura Kelly issued Executive Order 20-06 on March 17, 2020, prohibiting evictions, foreclosures and any related judicial proceedings in the State of Kansas through May 1, 2020.
| The movement to challenge the constitutionality of the Consumer Financial Protection Bureau ("CFPB") was given life through the PHH Mortgage case, and then seemingly was left without a pulse after the PHH Mortgage en banc hearing. But in Seila Law, LLC v. CFPB, No. 19-7 (U.S.), the argument that the CFPB's structure is unconstitutional was resurrected, and it has survived all the way to the Supreme Court of the United States.
| One major hurdle for marijuana business banking has been cleared, as the U.S. House of Representatives passed the SAFE Banking Act. Its future in the Senate remains unclear.
| While Missouri is finally permitting applications for marijuana-related businesses ("MRBs"), the tension between Missouri's Amendment 2 and federal controlled substance schedules presents a conundrum for MRBs, their banks, and their counsel.
| Due to a recent spike in ADA filings pertaining to businesses' websites, all financial institutions should work with their counsel and web designers to ensure that their websites and mobile applications follow current accessibility guidelines.
| The CFPB, under new director Kathleen Kraninger, has submitted a Notice of Proposed Rulemaking seeking to rescind the underwriting requirements set forth in the CFPB's 2017 Rule regarding payday loans, on the basis that there was inadequate support for these requirements in the first place. The proposal is open for comment through early May.
| In an action under the FDCPA, the Fifth Circuit Court of Appeals recently upheld the trial court's decision to deny an award of attorney's fees, in spite of express statutory language stating that fees are recoverable, where the fees were found to be unreasonable and where plaintiff and her counsel acted in bad faith.
| More than a year after the highly publicized Equifax data breach, a U.S. Representative has introduced H.R. 6743 as a measure to amend the Gramm-Leach-Bliley Act to require a national level of uniformity in reporting and addressing data breaches. But not everyone is in agreement that this should be governed at a national level.
| Cryptocurrency investor Michael Terpin filed an action against AT&T seeking $24 million in actual damages and $200 million in punitive damages in what could be a landmark case for the standard of care required for data and phone service providers in the realm of cryptocurrency.
| 4 years after the CFPB brought an action asserting several claims against a Kansas City based payday lender, the parties have entered into a consent order that will result in the defendant paying a $1 fine.
| Promptly after the House approved S. 2155, The Economic Growth, Regulatory Relief and Consumer Protection Act, President Trump signed it into law, signifying what could be the most substantial change in law in the financial services industry since the inception of Dodd-Frank in 2010.
| Declining to follow previous rulings on the subject from the Fourth and Ninth Circuits, the Third Circuit Court of Appeals recently held that the statute of limitations for violations under the FDCPA begins to run when the violation allegedly occurs, rather than when it is discovered by the claimant.
| The U.S. Senate is expected to vote any day now on an expansive bipartisan bill that would have the biggest regulatory impact on the financial services market since the Dodd-Frank Act passed in 2010.
| For those wondering if Director Cordray’s retirement would truly bring about as much change as anticipated, the CFPB’s first actions in 2018, under the leadership of acting director Mick Mulvaney, have demonstrated a stark change in philosophy from the days of Cordray.
| Its appeal is undeniable. Users can transfer funds internationally, anonymously, and efficiently. Its value has continued to grow faster than anyone ever expected. But the pressure to regulate Bitcoin is coming to a head, as regulators and financial institutions grow increasingly concerned of the potential for criminal activity and financial instability. 2018 may ring in the first substantial efforts in the U.S. for oversight of this controversial cryptocurrency.
| Following the issuance of the CFPB’s Rule prohibiting arbitration clauses for waiver of consumer class action rights, the U.S. Senate wasted no time in passing legislation to overturn the CFPB rule. The law passed by the Senate restores law regarding arbitration provisions to the status quo.
| Predictably, upon Equifax’ announcement earlier this month concerning an unprecedented data breach and apparent failure to timely to disclose that breach, Equifax is already facing class action litigation and the impending threat of actions to follow from state attorneys general
| The Eighth Circuit Court of Appeals recently held that, because the RRTA authorizes taxes on money and not stock, Union Pacific Railroad Company is now entitled to a refund of approximately $75 million that it paid in taxes from 1997 to 2007 to the IRS.
| After conducting a study, which spanned several years, on the prevalence of mandatory arbitration clauses in consumer financial products, the CFPB has issues a new rule that will prohibit financial institutions from including mandatory arbitration clauses that prohibit a consumer from joining in class action litigation against the bank.
| A unanimous Supreme Court upheld the Fourth Circuit's holding in Henson v. Santander Consumer USA Inc., in which the Circuit Court held that, although Santander was the purchaser of a debt that was in default, it was not a "debt collector" under the FDCPA, and thus, was not subject to its stringent requirements for collection activities.
| The Financial Choice Act was introduced in 2016, and its revamped successor, referred to as “CHOICE Act 2.0,” was reported to the House of Representatives for consideration in early May. Today, the House passed the bill, bringing the United States one step closer to substantial financial regulation reform.
| The Missouri Court of Appeals for the Western District promptly affirmed the trial court’s holding that a local bank’s overdraft fee was not “interest,” and, therefore, was not subject to the state’s usury cap.
| Often overlooked by legislators are the detrimental consequences of broad sweeping banking regulations on smaller community banks. At a recent convention, ICBA President Camden R. Fine called for continued efforts by community banks to fight for practical regulation reform.
| The CFPB recently filed its complaint against Navient, the nation’s largest servicer of federal and private student loans for alleged failures in servicing those loans. Filed in the United States District Court for the Middle District of Pennsylvania, the Complaint contains allegations that Navient violated the Consumer Financial Protection Act, the Fair Credit Reporting Act, and the FDPCA and seeks millions in restitution.
| In a ruling favorable to home loan mortgage servicers, the Florida Supreme Court held that the trial court’s dismissal of a previous foreclosure action caused the loan to decelerate, thus recommencing the 5-year statute of limitations period for acceleration of the loan.
| While the very concept of an electronic mortgage is not new, the adoption of e-mortgages as the new "normal" remains a hot topic in the mortgage servicing realm. Despite the technology behind electronic document execution, delays in e-notarization laws prevent e-mortgages from fully replacing traditional home loan transactions.
| On October 25, 2016, FinCEN issued an Advisory outlining recommendations and requirements for financial institutions to report suspicious activity in compliance with the Bank Secrecy Act, clarifying these institutions' obligation to report cyber-events, even where no financial transaction was completed.
| In a long-awaited opinion, the D.C. Circuit Court held that the structure of the CFPB, as it exists currently, is unconstitutional. The Court also rejected the Director’s argument that the applicable statute of limitations does not apply to a CFPB administrative action.
| The results of the November 8, 2016 election have unmistakably cast doubt on the future of the CFPB, particularly as it exists today. With Donald Trump as President-elect, along with a Republican-held House and Senate, it is likely that some of the preceding years’ regulations and consumer protections will be undone.
| In its first 4-4 decision since the death of Justice Antonin Scalia, the United States Supreme Court issued a ruling that resulted in affirmation of the 8th Circuit Court of Appeals’ opinion in favor of a Missouri bank in a dispute concerning the Equal Credit Opportunity Act.
| The Kansas Court of Appeals recently held that, even where a debt collector delayed its motion to compel arbitration until 2 years after the litigation was commenced, the trial court did not have the authority to decide that the delay was, in effect, a waiver of arbitration.
| In its current state, the MMPA has allowed consumers to collect substantial verdicts in cases that have strayed from the original intent of lawmakers. SB793 hopes to restore a balance that requires not only that businesses act fairly, but also that consumers act reasonably.