09:45 AM EDT, 07/17/2024 (MT Newswires) -- Capital One Financial ( COF ) on Wednesday announced a plan to commit more than $265 billion in lending, investment and corporate philanthropy over the next five years as part of its proposed acquisition of Discover Financial Services ( DFS ) .

The plan includes $200 billion in consumer lending to low- and moderate-income consumers, $44 billion for community development financing, $15 billion in lending to small businesses and $5 billion in anticipated spending with suppliers.

It also includes $600 million to support Community Development Financial Institutions and $575 million for philanthropy causes, the company said.

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