McLean, Va. (November 2, 2005) – Consumer advocacy group Consumer Action and leading financial services company Capital One Financial Corporation (NYSE:COF) today announced that their joint MoneyWi$e financial literacy partnership will provide a two-day financial training seminar to community groups in Massachusetts.

The seminar kicks off in Norwood, Massachusetts on November 2, 2005, with financial educators from Consumer Action conducting workshops designed to teach representatives from non-profit agencies how to improve financial literacy at the community level. The meeting will focus on core areas of financial management including: basic banking and money management; understanding and rebuilding credit; bankruptcy; and financial education for an adult audience. The session will also include a new module providing instruction and guidance to help non-profit group leaders spot and prevent elder fraud.

Featured speakers for the event include Barbara Anthony, assistant regional director of the eastern region for the Federal Trade Commission, and Mary Neal, regional manager for the Massachusetts Elder Protection Services. Anthony will speak about identity theft and Neal will address the growing problem of elder fraud. The seminar will also feature a panel of representatives from community-based non-profits across the United States. Panelists will share information and best practices to achieve financial literacy using the MoneyWi$e financial literacy materials.

"The MoneyWi$e program provides consumers at all income levels with the information and practical assistance they need to better understand and manage their finances," said Laura White, spokesperson for Capital One. "We are proud to continue to co-sponsor this important financial literacy initiative. We believe that this training seminar, combined with our free brochures on budgeting, saving to build wealth and managing credit, will jump start the efforts of local community organizations that are educating consumers."

"For the past four years we have been proud to work with Capital One to provide leaders of local non-profit organizations with the information and teaching tools they need to help them bring financial literacy programs to their local communities," said Linda Sherry, director of national priorities for Consumer Action. "We applaud the work these groups do to help educate and empower their neighbors and we believe that the MoneyWi$e program is just one way we are able to help them continue to do what they do best: Help their neighbors to help themselves."

The seminar will be held at the Four Points Sheraton located in Norwood, 1125 Boston Providence Turnpike, Norwood, Massachusetts. For media interested in attending, please contact Alison Athay at (206) 239-0140.

MoneyWi$e: Materials, Training and Seminars

Consumer Action and Capital One first launched the MoneyWi$e partnership in November 2001. Since then, the program has produced and distributed a six-part series of MoneyWi$e educational materials to provide consumers with the building blocks for developing and honing personal finance skills, from saving and budgeting to balancing a checkbook, understanding the basics of credit and credit repair and how parents can talk to teenagers about money. By providing free brochures in multiple languages (English, Spanish, Chinese, Korean and Vietnamese), the MoneyWi$e program is able to address financial literacy across both income and ethnic barriers. More than one million brochures have been distributed to date.

In addition to distributing free materials online (www.money-wise.org) and through a network of 7,300 CBOs nationwide, the MoneyWi$e program also provides a number of "train-the-trainer" seminars throughout the country, during which Consumer Action staff members will meet with groups of CBOs to demonstrate how the MoneyWi$e materials and curriculum can be used most effectively.

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation (http://www.capitalone.com) is a financial holding company whose principal subsidiaries, Capital One Bank, Capital One, F.S.B. and Capital One Auto Finance, Inc. offer a variety of consumer lending products. Capital One's subsidiaries collectively had 49.2 million accounts and $84.8 billion in managed loans outstanding as of September 30, 2005. Capital One is a Fortune 500 company and, through its subsidiaries, is one of the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index.

About Consumer Action

Consumer Action is a national non-profit education and advocacy organization founded in San Francisco in 1971. Consumer Action serves consumers nationwide by advancing consumer rights, referring consumers to complaint-handling agencies and publishing multilingual educational materials. Consumer Action also advocates for consumers in the media and before lawmakers and annually conducts comparison surveys for consumers on credit cards, banking issues and telecommunications issues.

Contact: Alison Athay
206-239-0140
aathay@apcoworldwide.com