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Attorneys

Megan R. Stumph-TurnerView Bio as PDF

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 financial institutions in thousands of cases at all stages of litigation. Before joining the firm, she was engaged in private practice, representing creditors in matters pertaining to mortgage foreclosure, real estate title disputes, medical collections, credit card and auto finance loan issues, as well as counterclaim defense.

In addition to representing financial institutions in litigation, Megan has been a panelist speaker at mortgage servicing conferences and has provided onsite training services concerning both state-specific and nationwide legal trends affecting the financial services industry.

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, she also cheered for the Kansas City Chiefs football team.  

Industries

Practices

Admissions

  • Missouri
  • Kansas
  • Iowa
  • USDC, District of Kansas
  • USDC, Eastern District of Missouri
  • USDC, Western District of Missouri
  • USDC, Southern District of Iowa

Education

  • University of Missouri - Columbia, J.D.
  • William Jewell College, B.A. (Political Science)
    • Oxbridge Honors Scholar

Memberships & Activities

  • Earl E. O'Connor American Inn of Court
    •  Barrister, 2017-present
  • Greater Kansas City Chamber of Commerce
  • IADC Trial Academy
    • Graduate, 2017
  • Johnson County Bar Association
  • Kansas City Metropolitan Bar Association
  • Missouri Bankers Association
    •  Bank Counsel, 2018-present
  • Mortgage Bankers Association
  • Kansas Bar Association

Publications

  • Foreclosure - New 2018 Rules and Regs!, National Business Institute (March 2018)
  • U.S. Financial Regulation and Enforcement: What the Future Holds Under Trump's Administration, The Knowledge Group (June 2017)
  • TRID, CFPB, and Foreclosure: What Attorneys Must Know, National Business Institute (March 2017)
  • The New Foreclosure Procedures and Expanded Protection, National Business Institute (December 2016)
  • BOOT CAMP: Foreclosures and Loan Workout Procedures (Sections on CFPB and FDCPA Compliance Issues in Foreclosure and Lender Liability Issues), National Business Institute (June 2016)
  • Jurisdiction Impact on Recovery of Deficiency, DS News (January 2015)
  • Look Before You Leap: Delaying Foreclosure Sales in Kansas Has Costly Consequences, DS News (August 2013)
  • Legal Issues in Real Estate Foreclosure, National Business Institute (January 2013)
  • The Servicers’ Guidebook, DS News (December 2012)

Presentations

  • Presenter: The Telephone Consumer Protection Act (TCPA) Litigation Bubble: Evolving Technology, Record-Breaking Settlements and Uncertain Legal Precedent, American Conference Institute (July 2018)
  • Presenter: 2018 Rules and Regs: Mortgage Servicing and Foreclosure, Clear Law Institute (May 2018)
  • Presenter: U.S. Financial Regulation and Enforcement: What the Future Holds Under Trump’s Administration, The Knowledge Group (June 2017)
  • Presenter: Foreclosure - New 2018 Rules and Regs!, National Business Institute ( March 2018)
  • Presenter: TRID, CFPB, and Foreclosure: What Attorneys Must Know, National Business Institute (March 2017)
  • Presenter: The New Foreclosure Procedures and Expanded Protections, National Business Institute (December 2016)
  • Presenter: BOOT CAMP: Foreclosures and Loan Workout Procedures (Sections on CFPB and FDCPA Compliance Issues in Foreclosure and Lender Liability Issues), National Business Institute ( June 2016)
  • Presenter: Legal Issues in Real Estate Foreclosure, National Business Institute (January 2013)

Awards & Recognition

  • Oxbridge Honors Scholar - William Jewell College

Community Involvement

  • Volunteer, Lead to Read
  • Volunteer Attorney Project

News & Events

Baker Sterchi Cowden & Rice Promotes Two to Member Status

01.02.19 | Baker Sterchi Cowden & Rice is pleased to announce the promotion of Martha Charepoo and Megan Stumph-Turner to Member status effective January 1, 2019.

BSCR attorney pulls off "hat trick" on "Who Wants to be a Millionaire"

09.14.18 | BSCR attorney Megan Stumph-Turner competed in Las Vegas on America's favorite game show, "Who Wants to be a Millionaire." in a cliffhanger two-part series that aired September 12-13, 2018.

Baker Sterchi Cowden & Rice Welcomes New Associate Megan Stumph

12.08.15 | Baker Sterchi Cowden & Rice is pleased to welcome Megan Stumph as an associate in the firm’s Kansas City office, where her practice is focused on representing financial institutions in the areas of creditors’ rights, foreclosure, real estate, and general civil litigation cases...

Results

BSCR wins in summary judgment motion for lien holder in dispute over enforceability

Purchasers under a contract for deed filed an action in Missouri state court seeking a declaratory judgment and an order quieting title to a mobile home and surrounding real estate. In doing so, purchasers attempted to invalidate the superior, prior and properly-perfected lien of the creditor in and to the mobile home.

Blog Posts

CFPB Proposes to Rescind Underwriting Requirement of 2017 Payday Loan Rule

02.26.19 | 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.

Fifth Circuit Denies Recovery of Attorneys' Fees Despite FDCPA's Mandatory Recovery Provision

11.26.18 | 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.

House Financial Services Committee introduces bill to provide uniform reporting standards in the event of data breaches

10.17.18 | 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.

$224 million sought in lawsuit against AT&T over cryptocurrency theft

08.22.18 | 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.

UPDATE: Local Payday Lender enters into $1 Consent Order with CFPB

08.16.18 | 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.

UPDATE: Major Financial Reform Bill Signed into Law

05.24.18 | 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.

A Circuit Split is Born: Third Circuit Rejects the Discovery Rule for FDCPA Statute of Limitations

05.16.18 | 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.

Bipartisan Financial Reform Bill Expected to Pass in Senate

03.13.18 | 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.

Change in Leadership Marks Turning Point for CFPB

01.30.18 | 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.

Bitcoin, Bankers, and Barriers to Legislation

12.04.17 | 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.

Update - Senate Unwinds CFPB Arbitration Rule

11.09.17 | 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.

Swift Litigation Ensues Following Equifax Data Hack

09.29.17 | 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

Eighth Circuit grants Union Pacific $75 million in Tax Relief

08.17.17 | 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.

New CFPB Rule Prohibits Consumer Waiver of Class Action Litigation

07.16.17 | 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.

SCOTUS upholds narrow interpretation of "debt collector" under the FDCPA

06.13.17 | 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.

Financial CHOICE Act Garners Sufficient Votes in House Vote

06.08.17 | 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.

Missouri Court Finds that Overdraft Fees are Money Well Spent

05.17.17 | 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.

Community Banks Press On in Fight for Regulation Reform

04.05.17 | 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.

CFPB Sets its Sights on Student Loan Servicing

02.28.17 | 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.

Favorable Ruling for Loan Servicers regarding Statute of Limitations

01.16.17 | 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.

Challenges Remain to Widespread Implementation of e-Mortgages

12.06.16 | 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.

FinCEN Issues New Advisory to Financial Institutions Regarding Reporting of Cyber-Events

12.01.16 | 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.

Structure of CFPB declared unconstitutional in PHH Mortgage holding

11.28.16 | 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.

Future of CFPB Uncertain under Trump Administration

11.21.16 | 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.

SCOTUS Deadlock results in favorable outcome for Missouri bank

05.13.16 | 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.

Kansas Courts Reluctant to Find Waiver of Arbitration

04.25.16 | 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.

Proposed MMPA Legislation Would Provide Balance for Businesses and Consumers

02.10.16 | 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.