Stimulus and higher savings rates during the covid lockdowns contributed to a 22% increase in bank deposits in 2020, significantly decreasing banks’ cost of funds. However, deposits began declining in the second half of 2022,…

The recent Household Debt and Credit report by the New York Fed shows that the student loan pause is positively impacting total consumer loan delinquencies.  Prior to the pause, approximately 10% of student loans would…

According to a recent report by VicOne, automotive dealerships accounted for nearly 20% of those affected by cyberattacks in the automotive industry in 2022.   Cyberattacks typically come in two forms: Ransomware, which locks a user’s…

The United States Federal Election Committee (FDEC) has approved that DataVault Holdings may use NFTs for campaign fundraising efforts. DataVault sought regulatory approval to offer NFTs to individuals following contributions to political committees. The tokens…

Wholesale prices of used vehicles have now declined 15.6% year-to-date amid decreasing retail sales, according to Cox Automotive’s Manheim Used Vehicle Value Index. The index dropped to 199.4 in November 2022, representing a 14.2% year-over-year…