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The Consumer Product Safety Commission (CPSC) recently assessed a record $15.45 million civil penalty in a settlement with Gree Electronic Appliances Inc. and two affiliates to resolve numerous alleged violations of the Consumer Product Safety Act (CPSA).
It has been several years since the enactment of the Consumer Product Safety Improvement Act of 2008 (CPSIA) that significantly increased the Consumer Product Safety Commission’s (CPSC) regulatory powers. It also dramatically increased the civil and criminal penalties that the Commission can assess for violations.