Capital One’s $265 billion Community Benefits Plan for the Black community

(Texas Legislative Black Caucus) – The Texas Legislative Black Caucus is very proud of the work we have done for our communities. Helping improve the lives of our constituents and working to strengthen small businesses is a great privilege. I am always looking for ways to improve the lives of our constituents, whether its supporting legislation or backing private sector initiatives, like the Capital One-Discover merger and its accompanying Community Benefits Plan, that we feel will benefit our district’s neighborhoods.  Related Stories We are thrilled about the potential impact of Capital One’s $265 billion Community Benefits Plan for the Black community in our state. This comprehensive initiative, developed in partnership with respected organizations like the Opportunity Finance Network and NeighborWorks America, promises to bring substantial positive change to our underserved communities.For far too long, Black Texans have grappled with limited access to credit and financial services. The CBP’s commitment of $200 billion in lending for low- and moderate-income individuals and communities represents a unique opportunity to expand credit access to communities that are often overlooked by other financial institutions. This substantial investment has the potential to unlock financial possibilities for many of my constituents who have traditionally been left behind...