Lead in lipstick causing cancer

I have recently read that many lipsticks contain lead and this can cause cancer - is this true?

The UK has strict laws about the production of cosmetic products. Manufacturers cannot sell a new product to the public before it has been safety tested. An organisation called The Cosmetic Toiletry and Perfumery Association (CTPA) provides information about regulation of cosmetics in the UK. The CTPA abides by regulations set out by the European Community. These list substances that are banned from cosmetics. Lead is banned from all cosmetics, apart from hair dyes.

In the United States, the Food and Drug Administration (FDA) regulates the lead content in food and cosmetics. Their last survey of 400 lipsticks in 2011 found very low levels of lead. The FDA does not believe these levels are harmful.