In only the mid-way point of 2016, The United States Consumer Product Safety Commission (CPSC), has already broken the 2015 record for the amount of civil penalties. So far this year, the CPSC has negotiated in excess of $23 million in civil penalty settlements, which is already $5.3 million dollars more than the whole of 2015.
Because of this, the CPSC chairman, Elliot Kaye, stated that consumer product manufacturers really need to make sure that they have effective strategies in place for monitoring and, reporting all potential hazards to the CPSC to eliminate the chances of civil penalties.
CPSC civil penalties occur if the product and company:
1. Fails to meet an applicable CPSC safety rule,
2. Contains a defect that could create a substantial product hazard; or
3. Creates a defect that could create an unreasonable risk of death or serious injury.
The penalties given to a company can be large, therefore it is important to follow the CPSC standard.
For more information, please visit JD Supra. Please contact Nexreg for more information about CPSC Compliance.