THE FINTECH COWBOYS

UNCLE SEAN'S WEEKLY UPDATE

  ​Happy Friday, Happy Labor Day Weekend, & Hello College Football 🏈 – we’ve missed you!!! Be sure to sign up here to have the Uncle Sean Update and Fintech Cowboys delivered straight to your inbox every week (with 18,000+ subscribers - it’s cooler than a Travis Kelce and Taylor Swift engagement party 🤠)!!!  Here is the Uncle Sean Update for 8/29/25: On a personal note…: I am proud to share that I have just completed my 5th straight year presenting as a Guest Lecturer at Mays Business...

  Happy Friday!!! It’s been a crazy busy week juggling way too many projects, but it’s almost over 😵‍💫 – so let’s jump right in!!!  Here is the Uncle Sean Update for 8/22/25: Well, Jackson Hole was no disappointment…  (tee up The Rock wrestling voice) - “IF YOU SMEEEELLLLL WHAT J-POW IS COOKING!”  Mic drop.  🤠  Oh, c’mon – that was funny! 👉 Here is the punchline – Chairman Powell stated, “…with policy in restrictive territory, the baseline outlook and the shifting balance of risks may...

  Happy Friday!!! Don’t forget to sign up here to have the FinTech Cowboys and Uncle Sean’s Weekly Update delivered straight to your inbox every week!  Here is the Uncle Sean Update for 8/15/25: Of course Uncle Sean can’t help but geek out 🤓 on some macro-economic data right off the bat!!! “Rate Watch 2025” is back on…  This week the BLS July CPI Report came in below expectations at 2.7% YoY (expectation was 2.8%, last month was 2.7%) with Core CPI a tad hot at 3.1% (expectation was 3%,...

  Happy Friday!!! Sometimes all you can say is, “hey – at least this week is over!” 😅  Here is the Uncle Sean Update for 8/8/25: Some interesting consumer data released this week shows some pockets of weakening… The New York Fed released their 2Q2025 Report on Household Debt and Credit.  Couple of key points: Household debt increased $185B in 2Q (an increase of 1% over 1Q); and is up $4.24T since the end of 2019 – a 30% increase with mortgage debt now totaling 70% of all household debt....

  Happy Friday!!! Welcome to August (wait – how did that happen so fast?)!!!  Here is the Uncle Sean Update for 8/1/25: First up is a slew of economic updates: It’s Fed Week!!!  As expected, the FOMC decided to keep the target rate for the Fed Funds rate at 4.25% - 4.5% and to continue reducing the size of the balance sheet.  Yep – tariffs and uncertainty still reign as the predominant topic.  Here is Chairman Powell’s press conference video (44:06), and preliminary transcript. Worth...

  Happy Friday!!! Join 18,000+ of your friends and colleagues and sign up here to receive the Uncle Sean Update and FinTech Cowboys interviews straight to your inbox every week (rumor has it that if I hit 20K, management will buy me a pizza 🍕😂)!  Here is the Uncle Sean Update for 7/25/25: Looking forward to economic updates next week including 1st advanced estimate of 2Q GDP, the FOMC meeting, July Jobs Report / Unemployment, and June PCE – oh and don’t forget to sign up for our Bankers...

  Happy Friday!!! It’s so HOT outside 🥵 (in my best Ron Burgundy voice – “milk was a bad choice” 🤠)!  So while you are trying to stay cool this weekend, be sure to tell your friends and colleagues to sign up here to receive the Uncle Sean Update and FinTech Cowboys interviews straight to your inbox each week.  Here is the Uncle Sean Update for 7/18/25: The BLS June CPI Report came in a tad bit hotter at 0.3% for the month putting the annual rate at 2.7% but in line with expectations (last...

  Happy Friday!!! Thoughts and prayers 🙏 to all affected by the tragic and devastating floods in the Texas Hill Country over the 4th of July weekend. “In the darkest moments of destruction and despair, when an overbearing catastrophe weighs down on the soul like an anchor; and the path forward seems mentally and physically unattainable.  When the act of simply existing, just breathing in and out, is painful as our hearts ache at the realization of what has transpired… And thoughts of the...

6/27/25 - The Santa Anna National Bank of Santa Anna, TX (FDIC 5520; total assets $76.9M; total deposits $71.4M; equity capital $5M as of the 3/31/25 Call Report), was closed today by the Office of the Comptroller of the Currency (OCC) due to “suspected fraud.”  The FDIC stated “as of 6/18/25, The Santa Anna National Bank reported total assets of $63.8 million and total deposits of $53.8 million. Approximately $2.8 million of the deposits exceeded FDIC insurance limits, an amount that is...

  Happy Friday!!! There will not be an Uncle Sean Update next week as we take some family time to celebrate Independence Day (I LOVE the 4th of July) 🧨🎆🤠!!! But first – there is a lot going on this week, so here is the Uncle Sean Update for 6/27/25: Pardon me while I completely geek out 🤓 with some macroeconomic data: The third and final estimate of 1st Quarter GDP came in at -0.5%. Real GDP was revised down 0.3 percentage point from the second estimate, primarily reflecting downward...