Capital One and Consumer Action to Provide Stipends to Local Community Groups in 10 States for Financial Education; Stipends Will Help Groups Supply Financial Education, Reaching More Than 80,000 Individuals.MCLEAN, Va. -- Consumer advocacy group Consumer Action and leading financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company Capital One Financial (NYSE NYSE See: New York Stock Exchange :COF) today announced that their joint MoneyWi$e financial literacy Financial literacy is the ability of individuals to make appropriate decisions in managing their personal finances. Raising levels of financial literacy is now a focus of government programmes in countries including[1] Australia, Japan, the United States and the UK. partnership will award stipends totaling $75,000 to community groups in 10 states. The move expands the reach of their partnership and will enable community non-profit educators to offer the MoneyWi$e financial education curriculum to more than 80,000 individuals. "The MoneyWi$e program aims to provide consumers at all income levels with the information and practical assistance they need to understand and manage their finances," said Diana Don Colby, director of financial education at Capital One. "We're proud to offer this financial support to our nation's community groups and to provide the information consumers need to be financially fit." This year, the MoneyWi$e program is awarding stipends to 28 community-based organizations teaching financial education in California The California education system consists of a full range of public and private schools in California, from the University of California system, to well-known private colleges, to an extensive network of secondary and primary education schools. , Texas, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Illinois, Oklahoma, Florida, Minnesota, Georgia, Tennessee, and Virginia. The stipends will help the organizations reach a broad base of individuals in a variety of financial situations, including college students, farm workers, first-time homebuyers First-Time Homebuyer An IRA owner who is exempt from the early-distribution penalty (which applies to IRA distributions that occur before the IRA owner reaches age 59.5) for distributing funds from his or her IRA to buy, build, or rebuild a home when having had no interest in a , senior citizens, and individuals facing unemployment or homelessness. "We applaud the work of these groups to help educate their neighbors," said Ken McEldowney, executive director of Consumer Action, the national consumer advocacy group that develops the MoneyWi$e program material. "We are proud to work with Capital One to support local non-profits through our MoneyWi$e partnership. Whether we're supplying informational material and teaching tools or the stipends groups need to get the job done, we recognize that these community groups are on the front line, making a real difference in the lives of individuals by helping them better understand the basics of personal finance." 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 an eight-part series of MoneyWi$e educational modules to provide consumers with the building blocks for developing and honing Honing could refer to
Consumer Action provides financial education to its community-based organization (CBOs) partners using two primary channels: through the distribution of free materials online (www.money-wise.org) and through its network of 7,500 community-based organizations (CBOs) nationwide. Working with this network, the MoneyWi$e program holds "train-the-trainer" seminars around the country where Consumer Action educates community group staff on how MoneyWi$e materials and curriculum can be used most effectively. Participants are invited to apply for stipends to use the MoneyWi$e materials more extensively in the community. About Capital One Headquartered in McLean, Virginia McLean is an unincorporated community located in Fairfax County in Northern Virginia. A small geographic area along Chain Bridge Road in Arlington County has a 22101 zip code and is also part of McLean. , Capital One Financial Corporation (www.capitalone.com) is a bank holding company whose principal subsidiaries, Capital One Bank, Capital One, F.S.B. and Capital One Auto Finance, Inc. offer a variety of consumer lending Consumer lending or consumer loans refers to any type of loan product that is not a mortgage; such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, or Certificate of Deposit loans. products. Capital One's subsidiaries collectively had 48.9 million accounts and $83.0 billion in managed loans outstanding as of June 30, 2005. Capital One is a Fortune 500 company and, through its subsidiaries, is one of the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "COF" and is included in the S&P 500 index. About Consumer Action Consumer Action is a national non-profit education and advocacy organization founded in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden in 1971. Consumer Action serves consumers nationwide by advancing consumer rights, referring consumers to complaint-handling agencies and publishing multilingual mul·ti·lin·gual adj. 1. Of, including, or expressed in several languages: a multilingual dictionary. 2. 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. |
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