FDIC Deputy Director Donna Gambrell and Financial Author
Nathan Dungan Speak at Special Financial Literacy Forum
MCLEAN, Va., Nov. 18 /PRNewswire/ -- Consumer advocacy group Consumer
Action and leading credit card provider Capital One today announced that their
joint Money Wi$e financial literacy partnership will provide free financial
training to more than 80 non-profit community groups from across the
Washington DC metro area.
The two-day seminar will kick off in Washington DC on November 20, 2003
and will focus on six areas of financial management for clients of community
groups: banking, budgeting, understanding credit, credit repair, understanding
bankruptcy and talking to teens about money. Consumer Action financial
educators will lead the training sessions.
FDIC Deputy Director Donna Gambrell and Nathan Dungan, author of Prodigal
Sons and Material Girls: How Not to Be Your Child's ATM, are the featured
speakers at a special "Best Practices" forum on Thursday, November 20 at 3:30
p.m. at the Grand Hyatt Washington. Gambrell will speak about the FDIC's
Money Smart program, a multilingual financial literacy initiative designed to
promote financial independence and security. Dungan will discuss ideas and
techniques for instilling successful attitudes and habits about family
finances and personal money management. Additionally, a panel of non-profit
representatives will describe how to improve financial literacy in diverse
"We created Money Wi$e to provide consumers at all income levels with both
the information and practical assistance they need to help better manage their
finances," said Diana Don, Director of Financial Education at Capital One.
"We are proud to continue to co-sponsor the Money Wi$e program. We believe
that this training seminar, combined with our new materials on understanding
bankruptcy and talking to teens about money, will help support the efforts of
DC, Virginia and Maryland community organizations dedicated to engaging and
educating at-risk consumers."
"We applaud the efforts of these Maryland, Virginia and Washington DC-
based organizations to provide much-needed support and relevant information to
their communities," said Ken McEldowney, Executive Director of Consumer
Action. "This Money Wi$e seminar is 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."
Money Wi$e: Materials, Training and Seminars
Consumer Action and Capital One launched the Money Wi$e partnership in
November 2001. Since then, the program has produced and distributed a six-
part series of Money Wi$e educational materials to provide consumers with the
building blocks for developing and honing personal finance skills, from saving
and budgeting to balancing a checkbook, understanding the basics of credit and
credit repair and how parents can talk to teenagers about money. By providing
free brochures in multiple languages (English, Spanish, Chinese, Korean and
Vietnamese), the Money Wi$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.consumer-action.org) and through a network of 6,500 CBOs nationwide, the
Money Wi$e program also will provide a limited number of "train-the-trainer"
seminars throughout the country during which Consumer Action staff members
will meet with groups of CBOs to demonstrate how the Money Wi$e materials and
curriculum can be used most effectively.
About Capital One
Headquartered in McLean, Virginia, Capital One Financial Corporation
(NYSE: COF) is a holding company whose principal subsidiaries, Capital One
Bank and Capital One, F.S.B., offer consumer lending products. Capital One's
subsidiaries collectively had 47.4 million customers and $59.7 billion in
managed loans outstanding as of December 31, 2002. Capital One, a Fortune 500
company, 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 non-profit, membership-based 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
SOURCE Capital One Financial Corporation
CONTACT: Diana Don of Capital One, +1-703-720-2371, or
Web site: http://www.capitalone.com