The Multibillion-Dollar Industry Getting Wealthy Kids Into the Ivies

P.M. Edition for Oct. 16. The Journal’s Doug Belkin discusses why private equity is investing in college consulting services. And the U.S. Treasury Department’s 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. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices