In 2024, Capital One unveiled its community benefits plan as part of its intent to acquire Discover, a deal it closed about a year ago. The June report from the McLean, Virginia-based bank provided an update on what it stated was $43 billion in distributions across six areas of community investment commitments. The bank also said it has allocated $5 billion of its $44 billion in community development lending and investments. A spokesperson for the company declined to answer follow-up questions regarding how it distributed capital toward its supplier development and small business targets. The National Association for Latino Community Asset Builders did not respond to follow-up questions regarding Capital One’s progress on the community reinvestment pledges.