Payday lenders are going to have to pony up.
St. Louis voters overwhelmingly approved a new plan to make those who want to run short-term lending operations buy a $5,000 permit each year and provide straightforward information to their customers.
The regulations were on Tuesday's ballot as Prop S, a measure sponsored by Ward 20 Alderwoman Cara Spencer.
Critics' complaints about the payday loan industry focus on the super-high interest rates and the often murky reality of the terms.…