Encourage Credit Access Innovation
From Liberate to Stimulate: A Bipartisan Agenda to Restore Limited Government and Revive America's Economy
The abuses of the subprime crisis have made it all too easy to overlook the myriad benefits of consumer credit. Innovations in mortgages, credit cards, and unsecured loans such as payday advances have made it possible for more people to borrow money they need for a variety of purposes—from starting a business to advancing one’s education. In the mid-1990s, a college student named Sergey Brin used personal credit cards to start the search engine business that would become Google.