Wednesday, December 2, 2015

Faith-based groups earn millions on refugee loan commissions

From Colorado Springs (RNS)-

Faith-based agencies that resettle refugees in America stand to gain more than a clear conscience if the United States — after what is expected to be a fierce debate in Congress — accepts a proposed 10,000 Syrian refugees next year.

More refugees also means more revenue for the agencies’ little-known debt collection operations, which bring in upwards of $5 million a year in commissions as resettled refugees repay loans for their travel costs. All nine resettlement agencies charge the same going rate as private-sector debt collectors: 25 percent of all they recoup for the government.


More here-

http://gazette.com/faith-based-groups-earn-millions-on-refugee-loan-commissions/article/1564720

No comments: