Why now? Delinquencies are expected to spike. 1 in 4 American adults are currently unemployed and many more have experienced a decrease in income. October July August September Federal UI program ends at March UI recipients will stop Consumer delinquency $2400/month receiving state checks in begins to spike September & October Federal student loan ($1488/month on average) payments resume ($300/mo) Thanks to the Partnership Fund for NYC, we’ve seen many FIs that are looking to get ahead of the curve by using Summer to unlock cash flow for their customers to prevent delinquencies and default before it’s too late. 14