Capital One and Consumer Action Sponsor Free Financial Literacy Training for Boston Nonprofit Community Organizations

May 26, 2009 — 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 for community groups in Boston.

The seminar will be held at the Sheraton Boston Hotel on May 27, 2009 from 8 a.m. to 5 p.m. Financial educators from Consumer Action will lead training sessions designed to teach local community groups how to talk to their clients about money and financial management. The seminars will focus on the fundamentals of financial management including: creating spending plans, budgeting, handling credit problems and learning essential basic banking skills. Nearly 60 community representatives are signed up to participate. As an incentive for program participation, Consumer Action will reimburse travel costs for these organizations.