THE FINTECH COWBOYS

UNCLE SEAN'S WEEKLY UPDATE

  Happy Friday!!! Summer 🔥🥵 is definitely here!!!  Here is the Uncle Sean Update for 7/10/26 (subscribe here for free): First up is some macroeconomic data (you know how I love to geek out on that 🤓): Late last week, the BLS released a fairly week June Jobs Report showing total non-farm payrolls added only 57,000 jobs in June, significantly lower than the 115,000 Dow Jones consensus estimate.  April and May jobs were also revised down by a total of -74,000 (you can see the revision...

  Happy Friday!!! We will be pausing the Uncle Sean Update next week in celebration of Independence Day 🎆🧨.  But first, here is the Uncle Sean Update for 6/26/26 (subscribe here for free): 👉 Primax gets in on the 2fer action this week: First up is a huge salute 🫡 as Primax joins Bankers Helping Bankers (BHB) as a Premier Sponsor!!! “We believe in the community banking model and the vital role these institutions play in the lives of everyday Americans. Supporting BHB is our way of putting...

  Happy Friday!!! It’s a double holiday weekend with Happy Juneteenth and Happy Father’s Day 💪 wishes to all the Dad’s out there getting it done week after week and year after year 🫡!!!  Here is the Uncle Sean Update for 6/19/26 (subscribe here for free to join 17,000+ weekly subscribers): It’s Fed Week and we get our first look at how new Fed Chairman Warsh intends on running the show (focus on brevity and drops forward guidance).  As expected, the FOMC unanimously voted  keep interest...

  ​Happy Friday!!! Here is the Uncle Sean Update for 6/12/26 (subscribe here for free): Pretty sure everyone saw this coming with gas prices remaining elevated…  As expected, the BLS May CPI report came in hot at 4.2% YoY (April was 3.8%) which is the highest annual reading since April 2023.  Core CPI at 2.9% (April was 2.8%) with the energy index up 23.5% (gasoline at 40.5%).  CNBC has a good summary analysis. 👉👉👉 FinPro, Inc. announced the formation of The Alliance Consortium, LLC, (The...

  Happy Friday!!! And happy National Donut Day 🍩 – nom, nom, nom (National Donut Day 2026 deals, freebies at Krispy Kreme, Dunkin', more)!!!  Here is the Uncle Sean Update for 6/5/26 (subscribe here for free): 💥 A big virtual fist-bump 👊 to Lumin Digital as the latest Premier Sponsor of Bankers Helping Bankers (BHB)!!!  “Community banks are the backbone of local economies across the country, and Lumin Digital is committed to helping them drive meaningful results,” said Kelley Michalik,...

  Happy Friday!!! Happy Memorial Day Weekend as we remember and honor the fallen service members of the U.S. military 🙏.  Here is the Uncle Sean Update for 5/22/26 (subscribe here for free): A look at some evolving regulatory matters as a couple of White House Executive Orders caught my attention: Warning that some of this contains unsolicited Uncle Sean “Off the Rails” commentary… 😊 First up was Integrating Financial Technology Innovation into Regulatory Frameworks – The White House with...

  Happy Friday!!! Sending this a little bit early today (as I hope to play hooky for a few hours this afternoon – but don’t tell my Boss 😊)… Here is the Uncle Sean Update for 5/15/26 (subscribe here for free): Congratulations to Kevin Warsh as he has been confirmed to serve as the 17th Fed Chair.  I enjoyed this writeup from J.P.Morgan Wealth Management (credit Hilarey Gould) as a good and thorough overview. The next FOMC meeting is scheduled for June 16-17. The BLS April CPI Report came...

  Happy Friday and HAPPY MOTHER’S DAY ❤️❤️❤️ to all the Mom’s 🙏!!! Here is the Uncle Sean Update for 5/8/26 (subscribe here for free): A quick economic update (because you know I am obsessed with macroeconomics 🤓): The BLS issued the April Jobs Report showing +155,000 jobs added (Dow Jones estimate was +55k) with unemployment holding steady at 4.3%. Revisions…  March was revised up by +7K from +178K to +185K ; and February was revised down an additional -23K to a total of -156K.  You can...

  The second bank failure of 2026… On 5/1/26, the Georgia Department of Banking and Finance closed Community Bank and Trust – West Georgia in La Grange, GA (FDIC 25796; total assets $288M; total deposits $268M as of the 12/31/25 call report) and appointed the FDIC as receiver.  Anchor Bank in Palm Beach Gardens, FL (FDIC 57931; total assets $607M) to assume substantially all insured deposits and acquire certain assets of Community Bank and Trust - West Georgia. The FDIC estimates that the...

  Happy Friday!!! Welcome to May (wait, already?)!!!  Here is the Uncle Sean Update for 5/1/26 (subscribe here for free – all the cool kids are doing it 😊): 💥 This week brings a bombshell announcement in the BaaS Sponsor Bank space as Coastal Community Bank (CCB; FDIC 34403; total assets $5.7B) has entered into a non-binding term sheet with Evolve Bank & Trust (FDIC 1299; total assets $1.2B) to acquire the assets and deposits of Evolve’s diverse set of banking-as-a-service programs. ...