As Credit Card Balances Hit Record Highs, Is a Rate Cap the Answer?
A record 111 million U.S. consumers were carrying a balance on their credit cards at the end of last year—two million more than at the end of 2024. Together, these cardholders now owe more than $1 trillion to banks. Based on average outstanding balances, a typical cardholder making only the minimum payment would pay about […]
Cybercriminals Aim to Capitalize on OpenClaw’s Prominence
In many ways, OpenClaw represents the next evolution in artificial intelligence. Part of its appeal lies in its architecture: the AI agent runs locally on a user’s device, enabling it to interact with applications and perform tasks autonomously. The platform’s promise has attracted considerable consumer attention—so much so that it has reportedly driven a spike […]
What Should Credit Unions Be Doing with Crypto?
Many credit unions are grappling with the differences between cryptocurrency, stablecoins and tokenized deposits—and whether these innovations fit into their business model. It’s important to take a step back and allow strategic evaluation, rather than urgency, to drive decisions around digital assets. Velera and its Digital Asset Lab are helping credit unions overcome the “fear […]