Original Source Material
Numbers shared with the state of Illinois indicate 1,075 people will be let go in May, and another 81 on June 1.
Capital One cuts more than 1,100 Discover employees
Summary
Capital One will lay off 1,075 employees in May and another 81 in June; no direct impact on credit union operations or compliance requirements.
Why It Matters for Texas Credit Unions
The article does not mention Texas specifically nor does it discuss any regulatory or compliance issues relevant to Texas CUs.