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Show Cash not dirty word purchases. 'I can visualize j a situation In which a custo- j mer could be lured into a store on the basis of an advertised ad-vertised special, only to be told at the time of purchase j that a surcharge would be added If he or she uses credit,' said Garn. 1 Recognizing concerns that j cash paying consumers may ! be subsidizing the costs associated as-sociated with credit programs, pro-grams, the committee ap-. proved an amendment by Sen. j Chafee directing the Federal Reserve to conduct a study j of the costs of credit transactions. trans-actions. 1 If you're one of the growing grow-ing number of Utahns who prefer to pay cash rather than use credit, the Senate Banking Committee has authorized merchants to offer of-fer you unlimited cash discounts. dis-counts. And if 'plastic money' is your preference, the committee com-mittee extended a ban on credit card surcharges. The committee, under the chairmanship of Sen. Jake Garn passed 2.414, which amends the Truth in Lending Lend-ing Act to eliminate the current cur-rent 5 percent cap on discounts dis-counts to cash paying customers, custo-mers, while extending a ban on credit card surcharges. Consumers In Utah and across the nation will bene-' bene-' fit greatly from the cash' discounts which they may now receive If the bill is passed by the full Senate. By removing the artificial 5 percent restriction the marketplace will be allowed to operate and merchants will be able to compete more vigorously for cash paying customers. The Committee defeated an amendment to lift the ban on surcharges for credit |