Increase Seen in the Number of Compliance Programs Mandated by the CPSC

A review of the recent published penalties and settlement agreements on the website reveal that over the past eighteen months, every civil penalty agreement published has required companies to implement a compliance program or reinforce and buttress the existing compliance program.  The CPSC has declined to adopt formulaic requirements for compliance programs and suggest that an effective compliance program is one that is best tailored to meet an individual company’s business needs and associated risks.