MCLEAN, Va., Oct. 18 /PRNewswire-FirstCall/ -- Consumer advocacy group
Consumer Action and leading financial services company Capital One (NYSE: COF)
today announced that their joint MoneyWi$e financial literacy partnership will
provide free financial training to non-profit community groups from several
The two-day seminar kicks off in Charlotte, NC on October 20, 2004 with
Consumer Action financial educators leading training sessions designed to
teach local community groups how to educate their clients about money and
financial management. The sessions will focus on six areas of financial
management including: basic banking; budgeting; understanding credit; credit
repair; understanding bankruptcy; and talking to teens about money. In
addition, there will be a pre-conference forum on micro-business basics held
on Tuesday, October 19 to provide tips and resources for those who counsel
clients who may be thinking about starting a business of their own.
Featured speakers for the event include Dr. Julia Marlowe, Ph.D. from the
University of Georgia; Cindy Liebes of the Federal Trade Commission; and
Charlotte-based consumer attorney Beth Bebber, Esq. Dr. Marlowe will discuss
financial services and low-income and immigrant populations. Additionally,
Cindy Liebes will tackle the issue of identity theft and Beth Bebber will be
speaking on consumer rights as an alternative to bankruptcy. Closing the
forum on October 21, a panel of representatives from community based non-
profits across the United States will share information and best practices in
achieving financial literacy using the MoneyWi$e materials in diverse
"MoneyWi$e was created to provide consumers at all income levels with both
the information and practical assistance they need to help better understand
and manage their finances," said Diana Don Colby, Director of Financial
Education at Capital One. "We are proud to continue to co-sponsor the
MoneyWi$e program. We believe that this training seminar, combined with our
new materials on saving to build wealth and micro-business basics, can help to
jump start the efforts of local community organizations dedicated to engaging
and educating consumers."
"We applaud the efforts of non-profit organizations in the Southeast to
provide much-needed support and relevant information to their communities,"
said Ken McEldowney, Executive Director of Consumer Action. "This MoneyWi$e
program is just one way we are able to assist these groups to continue to do
what they do best: helping neighbors in their communities to help themselves."
The seminar will be held at the Omni Charlotte Hotel in Charlotte, NC.
MoneyWi$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$e program is able to address financial literacy
across both income and ethnic barriers. More than one million brochures have
been distributed to date.
In addition to distributing free materials online
(http://www.money-wise.org) and through a network of 7,300 CBOs nationwide,
the MoneyWi$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 holding company whose principal subsidiaries,
Capital One Bank and Capital One, F.S.B., offer consumer lending products and
Capital One Auto Finance, Inc., offers automobile and other motor vehicle
financing products. Capital One's subsidiaries collectively had 46.6 million
accounts and $73.4 billion in managed loans outstanding as of June 30, 2004.
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
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.
SOURCE Capital One Financial Corporation
CONTACT: Rachael Lille, +1-202-778-1096, firstname.lastname@example.org, for
Capital One Financial Corporation
Web site: http://www.capitalone.com