Capital One Financial Corp. has announced what it calls a “community benefits plan” that includes commitments of more than $265 billion in lending, investment, and philanthropy over five years as part of its proposed acquisition of Discover Financial Services. The plan was developed in partnership with the National Association for Latino Community Asset Builders, NeighborWorks America, the Opportunity Finance Network and the Woodstock Institute, each of which will serve as philanthropic partners as the company implements its commitments.
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