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WASHINGTON—A federal court has temporarily shut down a sprawling credit repair operation that the Federal Trade Commission alleges bilked consumers out of nearly $200 million through deceptive promises, illegal upfront charges and recurring fees.

WASHINGTON—The Office of the Comptroller of the Currency expects to finalize its rules implementing the GENIUS Act by November and begin processing applications from companies seeking authority to issue stablecoins in January, a timetable that is putting additional focus on whether the NCUA will move quickly enough to ensure federally insured credit unions have competitive parity.