Released: January 13, 2009

MoneyWi$e computer based training now available in Spanish

Consumer Action and Capital One Financial Corporation (NYSE:COF) today announce that their new, interactive financial education "computer based training," or eLearning course is now available in both English and Spanish. (Click here to read this release in 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$e partnership between Capital One and Consumer Action was designed to help promote financial literacy by providing consumers with free access to the information and tools they need to make smart financial choices. Ken McEldowney, Executive Director of Consumer Action, notes, “When the MoneyWi$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.

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$e curriculum.” The MoneyWi$e eLearning course covers basic financial education topics, including:

• 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.

Click here to view the MoneyWi$e eLearning course. Please note that the course will not function properly if you have your browser's pop-up blocker activated. To view the course, turn off your pop-up blocker or validate the address to ignore the command.

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 clients.

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.

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