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  1. Payday lenders have been summoned to a showdown with Consumer Minister Jo Swinson next week to tackle problems in the £2bn industry. Charities, regulators and Government ministers will also attend the summit on Monday in the first ever meeting of all groups at the same time. Details of the meeting was revealed on Tuesday, just 48 hours before the Office of Fair Trading is expected to refer the market to the Competition Commission. Separately, East Cheshire Council became the first in England to ban payday lender websites from all its public computers in libraries and other public buildings. In March, the OFT found evidence of "widespread irresponsible lending" by payday companies and gave the industry 12 weeks to clean up its act. Ms Swinson said: "Far too many times consumers have been lured into taking out products that are not right for them, that are not the right financial product." More: http://www.telegraph.co.uk/finance/personalfinance/borrowing/10141780/Consumer-Minister-Jo-Swinson-summons-payday-lenders-to-a-showdown.html
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