The Multibillion-Dollar Industry Getting Wealthy Kids Into the Ivies

Published: Oct. 16, 2024, 9:01 p.m.

P.M. Edition for Oct. 16. The Journal\u2019s Doug Belkin discusses why private equity is investing in college consulting services. And the U.S. Treasury Department\u2019s proposals for modernizing anti-money laundering rules face backlash from the banking industry. Wall Street Journal reporter Dylan Tokar explains why. Plus, WSJ reporter Dave Michaels talks about how a new FTC rule might make it easier to dump recurring subscriptions. Tracie Hunte hosts.\n\n\n\n\n\nSign up for the WSJ's free What's News newsletter.\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices