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Massachusetts to Enforce Automotive Right to Repair Law

April 2023

Beginning June 2023, Massachusetts will begin enforcing the automotive right-to-repair law following a long ongoing legal challenge. This law requires that automakers provide independent autobody shops and individuals with the same information easily accessible to…

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Willard Bunn Award of Excellence

April 2023

In honor of Willard Bunn’s 10 years of dedicated and formidable service as Director from 2010 to 2020, the current Board of CIB Marine, which our CEO, Gina Cocking, is currently a part of, has…

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New Car Affordability Slightly Better

April 2023

According to the Cox Automotive/Moody’s Analytics Affordability Index, the average monthly new-vehicle payment fell about 2% to $765 in February 2023.  While this is the lowest index level since October 2022, affordability remains worse than…

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Bank of America Adds EV Charger Financing

March 2023

Bank of America recently announced that it would offer financing for electric-vehicle charges along with vehicle loans for its customers. It plans to offer the financing add-on through carmakers and dealers as charger prices in…

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US Federal Reserve Assets More Than Doubled from $4.1 Trillion in January 2021 to a Peak Level of $9.0 Trillion in April 2022. Fighting Inflationary Pressures, the Federal Reserve Has Reduced Its Assets by 7.0% to $8.3 Trillion as of March 2023

March 2023

Battling importunate inflationary effects, the US Federal Reserve is shedding assets, reducing the size of its balance sheet by 7.0% from peak levels observed in April of 2022 to current levels. This reduction is consistent…

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