MCLEAN, Va.--(BUSINESS WIRE)--May. 26, 2009--
Consumer advocacy group Consumer Action and leading financial services
company Capital One Financial Corporation (NYSE:COF) today announced
that their joint MoneyWi$e financial literacy partnership will provide a
financial training seminar for community groups in Boston.
The seminar will be held at the Sheraton Boston Hotel on May 27, 2009
from 8 a.m. to 5 p.m. Financial educators from Consumer Action will lead
training sessions designed to teach local community groups how to talk
to their clients about money and financial management. The seminars will
focus on the fundamentals of financial management including: creating
spending plans, budgeting, handling credit problems and learning
essential basic banking skills. Nearly 60 community representatives are
signed up to participate. As an incentive for program participation,
Consumer Action will reimburse travel costs for these organizations.
“The MoneyWi$e program continues to positively impact communities across
the country by providing the knowledge, tools and resources that
consumers need to become better money managers," said Diana Don,
director of financial education for Capital One. "We applaud the efforts
of local organizations to provide much-needed support and relevant
information to their communities. These seminars are just one way we are
able to assist these groups to continue to do what they do best: helping
neighbors in their communities to help themselves."
"MoneyWi$e is now in its eighth year, and these meetings continue to be
very valuable and in high demand," said Ken McEldowney, Executive
Director of Consumer Action. "The MoneyWi$e program has equipped
thousands of nonprofit organizations with the tools and information they
need to build solid financial education programs that empower local
residents. This partnership is a critical investment in the future of
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
series of MoneyWi$e educational materials to provide consumers with the
building blocks for developing and honing personal finance skills, from
saving and budgeting to balancing a checkbook, to understanding the
basics of credit and credit repair and how parents can talk to teenagers
about money. By providing free brochures in multiple languages (English,
Spanish, Chinese, Korean and Vietnamese), the MoneyWi$e program is able
to address financial literacy across both income and ethnic barriers.
More than 3,000 community groups have distributed three million
MoneyWi$e brochures to date.
More information about MoneyWi$e and free downloads of our educational
brochures are available online at www.money-wise.org.
About Capital One
Capital One Financial Corporation (www.capitalone.com)
is a financial holding company whose subsidiaries, which include Capital
One, N.A., Capital One Bank (USA), N.A., and Chevy Chase Bank, F.S.B.,
collectively had $121 billion in deposits and $150 billion in managed
loans outstanding as of March 31, 2009. Headquartered in McLean,
Virginia, Capital One offers a broad spectrum of financial products and
services to consumers, small businesses and commercial clients. Capital
One, N.A. and Chevy Chase Bank, F.S.B. have approximately 1,000 branch
locations primarily in New York, New Jersey, Texas, Louisiana, Maryland,
Virginia, and the District of Columbia. A Fortune 500 company, Capital
One trades on the New York Stock Exchange under the symbol "COF" and is
included in the S&P 100 index.
About Consumer Action
Consumer Action is a national nonprofit 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.
Source: Capital One Financial Corporation
Capital One Financial Corporation
Diana Don, 212-580-0161