00:00It's Benzinga bringing Wall Street to Main Street.
00:02General Motors will pay $220 million to settle allegations that it illegally sold drivers'
00:09private behavior and location data to brokers, who then sold the information to insurers
00:14that used it to set and sometimes increase rates, according to Reuters.
00:19The settlement resolves claims by 35 states and Washington, D.C., involving GM's Smart
00:25Driver Program, which enrolled millions of drivers between 2016 and 2024.
00:31The automaker allegedly marketed the program as a way to improve driving safety while selling
00:37customer data without permission.
00:39The settlement requires GM to limit its collection of driving data and obtain drivers' express
00:44consent before collecting or sharing it.
00:47GM previously agreed to a $12.75 million settlement in California over similar allegations.
00:54For all things money, visit Benzinga.com.