Michael Nonaka

Michael Nonaka


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Covington & Burling LLP
One CityCenter
850 Tenth Street, NW
Washington, DC 20001-4956
Tel: +1 202 662 5727
Fax: +1 202 778 5727




  • University of Pennsylvania Law School, J.D., 2007
    • cum laude
    • University of Pennsylvania Journal of Constitutional Law, Articles Editor
    • The Wharton School, Certificate in Business and Public Policy
  • College of William and Mary, B.B.A./B.A., 2004

Bar Admissions

  • District of Columbia
  • Virginia

Michael Nonaka advises banks, financial services providers, and non-bank companies on a broad range of compliance, enforcement, transactional, and legislative matters. He has worked extensively with federal and state banking agencies and with other federal agencies authorized to regulate financial services. 

Mr. Nonaka has significant experience advising clients on issues arising under financial services legislation such as the Dodd-Frank Wall Street Reform and Consumer Protection Act. He has advised clients on, among other areas in Dodd-Frank, regulation as a systemically important financial institution, resolution planning, the Federal Deposit Insurance Corporation’s orderly liquidation authority under Title II, and the scope of the Consumer Financial Protection Bureau’s authority.

Mr. Nonaka also has advised a number of clients on compliance with TILA, ECOA, TISA, HMDA, FCRA, EFTA, GLBA, FDCPA, CRA, BSA, USA PATRIOT Act, FTC Act, Reg. K, Reg. O, Reg. W, Reg. Y, state money transmitter laws, state licensed lender laws, state unclaimed property laws, state prepaid access laws, and other federal and state laws and regulations.

Representative Matters

  • Representation of Synchrony Financial (GE Capital’s North American retail finance business) in connection with its approximately $2.95 billion initial public offering and related $3.6 billion debt offering.
  • Representation of Cole Taylor Bank in investigation and consent cease & desist/civil money penalty order with the Federal Reserve Board and the Illinois state banking authority to resolve claims alleging unfair and deceptive practices related to a student deposit product offered in connection with a former counterparty deemed to be an “institution-affiliated party.”
  • Representation of WSFS Financial Corporation in acquisition of First Wyoming Financial Corporation and The First National Bank of Wyoming.
  • Representation of Wells Fargo in connection with a Federal Reserve Board investigation and consent order with respect to alleged falsification of customer income and customer steering by Wells Fargo Financial sales personnel in the origination of consumer mortgage loans.
  • Representation of General Motors in congressional hearings and requests for government funding.
  • Representation of Freddie Mac in connection with establishment of Federal government conservatorship.

Pro Bono

  • Represented indigent Florida inmate in post-conviction proceedings in state and federal courts.
  • Assisted the Washington Lawyers Committee in drafting and introducing legislation in the District of Columbia to reform certain aspects of the District’s parole and sentencing laws.

Memberships and Affiliations

  • American Bar Association, Banking Law Committee

Publications and Speeches

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