Originally Posted by SouthArk370Z

I dunno, I don't remember seeing that under my hood (but then I've never really inspected the steering column mechanicals) so I'm assuming that's where the steering column connects to the rest of the steering. If the splines have slipped, that would cause the steering wheel to be cocked which would cause the VDC/TCS/et al to malfunction. It also sounds like something that could happen when you hit something hard. My guess is that you've found the problem. But it's just a guess.

Edit: If you hit hard enough to cause that connector to slip, you may have other damage. Get it checked by a pro.