Released: August 14, 2008

New online MoneyWi$e financial education resource

Interactive eLearning modules on personal finance topics include printable tip sheets

Contact: .(JavaScript must be enabled to view this email address), 415-777-9648

Consumer Action, a leading national advocacy and education organization and Capital One Financial Corporation (NYSE:COF) have launched new, interactive financial education eLearning modules for consumers. The course offers consumers case studies, interactive tips and exercises along with a variety of resources based on the MoneyWi$e financial education materials. Click here to view the course. “Any time you can provide financial education to consumers you are providing a service. Our MoneyWi$e curriculum is now available to people in a more interactive, easy-to-understand and engaging format. Consumers can access the information they need when they need it,” said Ken McEldowney, Executive Director, Consumer Action. “At Capital One, providing the tools to help consumers make good financial choices is important, not just to business, but to the economic well-being of our neighbors and our communities. Being able to bring our MoneyWi$e curriculum to life through these interactive modules is just one more way to reach a wider audience and give them the opportunity to learn how to better manage their finances,” said Diana Don, Capital One’s Director of Financial Education. The interactive financial education toolkit includes information such as:

• 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.
• Saving to build wealth – Recognize the importance of emergency savings accounts and retirement planning, budgets and setting financial goals.

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 advocates for consumers in the media and before lawmakers and annually conducts comparison surveys for consumers on credit cards, banking and telecommunications issues.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries collectively had $92.4 billion in deposits and $147.2 billion in managed loans outstanding as of June 30, 2008. Headquartered in McLean, VA, Capital One has 740 locations in New York, New Jersey, Connecticut, 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. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.