Interactive modules help parents, teens and young adults explore the basics of money management online
MCLEAN, Va.--(BUSINESS WIRE)--Jan. 14, 2009--Capital One Financial Corporation (NYSE:COF) and national consumer
advocacy and education organization Consumer Action announced today that
their new, interactive financial education eLearning course is now
available in both English and Spanish. The audio-enabled course modules
offer consumers printable tip sheets, financial calculators, and case
studies on a variety of money management topics.
The MoneyWi$e eLearning tool is the latest initiative in the MoneyWi$e
financial education program. The MoneyWi$e partnership between Capital
One and Consumer Action was designed to help promote financial literacy
by providing consumers with free access to the information and tools
they need to make smart financial choices.
"At Capital One, we are committed to providing innovative educational
tools that give consumers the opportunity to learn how to better manage
their finances and improve their financial well-being," said Diana Don,
Director of Financial Education at Capital One. "Capital One is proud to
partner with Consumer Action to make financial education accessible to a
broad audience of American consumers, across ages, income levels and
language backgrounds. The Spanish edition of the eLearning course
ensures that more American consumers can benefit from the MoneyWi$e
Ken McEldowney, Executive Director of Consumer Action added, "When the
MoneyWi$e program was created in 2001, it was designed with a commitment
to providing financial education in multilingual formats. With course
modules on key topics like budgeting, saving and building credit now
available to Spanish speakers, the MoneyWi$e eLearning tool takes our
program to the next level by making financial education available and
accessible to consumers across the country and across language barriers
in an engaging and easy-to-understand format."
The MoneyWi$e eLearning course covers basic financial education topics,
-- Talking to teens about money - Help teens and their parents recognize
the importance of having bank accounts and understand responsible
ATM/debit card use.
-- Managing your Money - Identify how to set financial goals, create a
budget, and handle credit responsibly.
-- Building good credit - Identify tips to build and maintain good credit,
including how to calculate credit payments and monitor credit history.
-- Rebuilding credit - Discover tips to rebuild credit, including steps to
take, making good credit choices and ordering a credit report.
-- Savings to build wealth - Recognize the importance of emergency savings
accounts and retirement planning, budgets and setting financial goals.
To view the MoneyWi$e eLearning course, visit http://www.capitalone.com/financialeducation/cbt/launcher.htm.
About Capital One
Capital One Financial Corporation (www.capitalone.com)
is a financial holding company whose subsidiaries collectively had $98.9
billion in deposits and $147.3 billion in managed loans outstanding as
of September 30, 2008. Headquartered in McLean, VA, Capital One has 739
locations primarily in New York, New Jersey, Texas, and Louisiana. It is
a diversified bank whose principal subsidiaries, Capital One, N.A. and
Capital One Bank (USA), N.A., offer a broad spectrum of financial
products and services to consumers, small businesses and commercial
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 multi-lingual financial
education materials. Consumer Action also has advocates for consumers in
the media and before lawmakers and annually conducts comparison surveys
for consumers on credit cards, banking and telecommunications issues.
CONTACT: Capital One Financial CorporationDiana Don
Source: Capital One Financial Corporation