Karen navigates the complexities of regulatory compliance and corporate law to work hand-in-hand with her clients to design and implement financial products and services for banking and other financial services entities.


Karen achieves the strategic objectives of financial companies in the ever-changing legal and regulatory environment for financial products and services. Her focus on the regulatory and legal issues facing financial institutions and related businesses includes risk management, operational matters, product development and compliance.

Karen facilitates her clients' efforts to bring products to market, negotiates service provider contracts, and delivers on complex mergers and acquisitions. Versed in the labyrinth of consumer financial services regulatory matters, she provides a full range of key services to her financial clients by blending vast regulatory and compliance knowledge with the resources of the firm's cross-disciplinary FinTech Team and CFPB Response Team as well as the Banking and Financial Services division, which she co-chairs.


Focused on product development, Karen resolves legal and compliance issues for new products and services, ranging from internet-based and cash management to credit, debit and virtual payment, consumer credit and stored value products.

Karen leverages her knowledge of payment systems and consumer regulatory matters to advise on ACH and wire transactions, prepaid, debit and credit cards, and emerging payments.

From consumer financial services regulatory issues to financial companies involved with state and federal regulators, Karen works with clients to resolve state licensing matters and compliance with other state and federal laws.

Attuned to the challenges of web platform vulnerability and other consumer protection, privacy and data security laws, Karen frequently advises on third-party risk management for financial institutions and service providers.

Engaged in the challenges and opportunities of FinTech to improve and automate the delivery and use of financial services, Karen frequently speaks and writes on technology issues impacting banking and financial companies and the evolving regulatory and enforcement landscape.

News & Insights

Speaking Engagements

"PayPal v. CFPB – What it Means to You", Innovative Payments Association Compliance Boot Camp webinar, June 3, 2020

"A Fascinating Conversation about Laws and Compliance," Falls Fintech Webinar, May 12, 2020

"Prepaid Compliance in a Crisis & Beyond," Innovative Payments Association, April 30, 2020

Panelist, "The Intersection of FinTech and Prepaid Cards," ACI National Forum on Prepaid Card Compliance, January 29, 2019

Panelist,  FinXtech Session: The Next Wave of Innovation:, Acquire or Be Acquired, January 27, 2019

Panelist, "Allocation of Payment-Related Risk & Loss Among Financial Institutions & Third Parties", NACHA Payments Conference, April 30, 2018

"Legal and Regulatory Update", Heartland Credit Union Association, April,18, 2018

"Legal Considerations: Cybersecurity and Your Bank", Bank Holding Company Association, April,17, 2018

Panelist, "Impact of the Rule's Reach," ACI National Forum on Prepaid Card Compliance, January 30, 2017

Panelist, "Third-Party Regulatory and Compliance Risks and UDAAP Issues Specific to Emerging Payment Systems and How to Best Manage Them," ACI Emerging Payments Forum, July 29, 2016

Panelist, "The Extension of Regulation E Protections to 'Prepaid Accounts'," ACI Prepaid Card Compliance, June 2, 2016

"FinTech—Embracing the Disruption," Stinson Leonard Street Seminar, May 25, 2016

Panel Moderator, "Policies, Priorities and Enforcement: An Inside Look at New and Proposed Regulation Impacting the Prepaid and Emerging Payments Space," NBPCA's "Power of Prepaid" Conference, April 28, 2016

"CFPB Proposed Rule on Prepaid Accounts," NACHA Payments Conference, April 20, 2016

Panelist, " The Prepaid Industry's Response to the New Regulatory Regime," All Payments Expo, March 22, 2016

Panelist, "Government and Industry Perspectives on the Evolving Initiatives of the Federal Agencies that Govern the Prepaid Industry," ACI Prepaid Card Compliance Forum, January 28, 2016



Listed in The Best Lawyers in America© since 2008

Named 2010, 2014, 2018, 2021-2022 "Lawyer of the Year" for Banking Law in Kansas City by The Best Lawyers in America©

2019 Lexology Client Choice Award

Professional & Civic Activities

Professional & Civic Activities

New Covenant Trust Company, Director

Front Porch Alliance

  • Advisory Board

Linwood Place Development Manager, LLC, Board Member

Linwood Place Real Estate, Inc., Director

Presbyterian Church, USA

  • Former Trustee of the Presbyterian Church, USA Foundation
  • Board of Pensions Review Committee

The Missouri Bar

National Association of Corporate Directors


  • Missouri, 1982


Northwestern University, J.D., 1982

University of Missouri-Columbia, B.A., summa cum laude, 1979

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