The Consumer Product Safety Commission (CPSC) is considering requiring crib makers to give customers refunds or other monetary incentives when the companies’ products are recalled. Dangerous crib recalls have been all over the news lately and typically involve free kits to repair flaws in the product, but they have failed to get a full response rate from parents. More than 7 million cribs have been recalled since 2007 because of the potential for personal injury or wrongful death. A monetary incentive would be more likely to receive a response from affected consumers.
More information about the monetary incentive is available here.