Retail & Commercial

U.S. Bancorp in Minneapolis has promoted Andrew Cecere to become its chief operating officer.

Altisource Portfolio Solutions promoted John Vella to the new position of chief revenue officer in a bid to grow beyond its relationship with embattled former parent Ocwen Financial.

Digital payments company ACI Worldwide has begun offering bill pay services on ATMs and kiosks sold by LD Systems.

PL Capital in Naperville, Ill., disclosed in a regulatory filing last week that it wants Joseph Palmer Jr. and John Yerkes Jr. to resign rather than stand for reelection at the $542 million-asset company's Feb. 10 annual meeting.

The average loan size of new homes increased to $311,398 in December from $306,975 in November, according to a Mortgage Bankers Association survey.

A Maine Supreme Court justice has ordered the withdrawal of a public reprimand of a lawyer involved in a mortgage foreclosure scandal related to robo-signing documents.

WASHINGTON — The Supreme Court has declined to take up an appeal from retailers seeking to toughen Federal Reserve Board restrictions on debit interchange fees charged by financial institutions.

The S&P/Experian Consumer Credit Default Indices, a measure of changes in consumer credit defaults, continued to show an increase in default rates through December, according to data released Tuesday by S&P Dow Jones Indices and Experian.

The FTC is sending more than $700,000 in refund checks to people who lost money in a "Rachel from Cardholder Services" scheme that promised to reduce the interest rate on consumers' credit cards for an upfront fee.