NEWARK, N.J.--(BUSINESS WIRE)--March 28, 2007--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 to community groups in New Jersey.

The seminar will be held in Newark, NJ on March 28, 2007, with financial educators from Consumer Action conducting workshops designed to teach representatives from nonprofit agencies how to improve financial literacy at the community level. The meeting will focus on the core areas of financial management including: basic banking and money management; understanding and rebuilding credit; bankruptcy; and financial education. Nearly 90 community representatives have signed up for the event.

"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 Diana Don, 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."

"Consumer Action has been proud to work in partnership with Capital One over the last six years to provide leaders of local nonprofit organizations with the teaching tools they need to bring financial literacy programs to their local communities," said Mikael Wagner of Consumer Action. "We applaud the work these groups do to help educate and empower their neighbors."

The seminar will be held at the Hilton Newark Penn Station located at Gateway Center, Raymond Blvd, Newark, New Jersey. For media interested in attending, please contact Maureen Dempsey at (212) 300-1806.

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 one million brochures have been distributed to date.

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a financial holding company with more than 700 locations in New York, New Jersey, Connecticut, Texas and Louisiana, that offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Its principal subsidiaries, Capital One Bank, Capital One, F.S.B., Capital One Auto Finance, Inc., Capital One, N.A., and North Fork Bank collectively had $85.8 billion in deposits and $146.2 billion in managed loans outstanding as of December 31, 2006. Capital One, a Fortune 500 company, 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.

CONTACT:
Capital One Financial Corporation
Diana Don, 703-720-2371
diana.don@capitalone.com

SOURCE:
Capital One Financial Corporation