Heat oil in large pot or Dutch oven over medium-high.
Cook onion and bell pepper about 5 minutes until softened.
Add garlic; cook another minute until fragrant.
Add chili powder, cumin, paprika, oregano, and cayenne; stir to coat vegetables and cook 1 minute.
Mix in turkey, both beans, crushed and diced tomatoes, and broth.
Boil; reduce to low and simmer uncovered 30 minutes, stirring occasionally.
Taste; adjust salt and pepper.
Serve hot with preferred toppings: cheese, sour cream, green onions, and crushed tortilla chips.