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"Giving priority to smaller loans will ensure that small businesses in our states have a fair shot at receiving PPP funds."
In a letter, Chairman Hood asks credit unions about forbearances and other COVID-19 programs.
CUNA and NAFCU have made the same requests to the CFPB. It's unclear if or when the automated calls could begin.
The move comes amid complaints that large lenders have had a much easier time gaining access to the SBA lending portal.
"This election is still an opportunity for credit unions to make their voices heard."
CUNA Mutual forecasts a 25% peak this summer, falling to 15% by the year's end.
The organization's idea is to help credit unions attract more credit cardholders and higher conversion rates.
"Quite simply, it is taking too long to submit loans and get these funds where they need to go."
In the third part of Direct FCU's Core Conversion Adventure, learn how the CU's early conversion project decisions has helped it navigate an unstable time period.
Dolphin Debit currently services more than 1,900 ATMs for hundreds of banks and credit unions in the U.S.
