The Multibillion-Dollar Industry Getting Wealthy Kids Into the Ivies

This podcast episode explores the rapidly growing college counseling industry, fueled by fierce competition for spots in top universities. It highlights how firms like Crimson Education are drawing significant private equity investments. The discussion also addresses the backlash against the U.S. Treasury's new anti-money laundering regulations, revealing the difficulties banks face in managing compliance costs while maintaining operational flexibility. Additionally, the episode covers a recent FTC rule designed to simplify subscription cancellations and examines societal attitudes toward AI etiquette, showcasing the contrasting ways people interact with artificial intelligence.