Springfield lawmaker’s add-in may help payday lenders skirt licensing costs, advocates state The Springfield City Council voted Monday to impose new regulations on payday lenders whose high interest rates can create a “debt trap” for desperate borrowers after years of debate. One of the shows had been an agenda to impose $5,000 licensing that is annual susceptible to voter approval in August, that could go toward enforcing the town’s guidelines, assisting individuals with debt and providing options to short-term loans.Read More →