Last month, Texas Attorney General, Ken Paxton filed a lawsuit against General Motors. The reason? Misleading customers into handing over their driver data and then selling it. Although it is being tried in Lone Star State, the alleged effects of GM’s actions are nationwide.
This is what we know…
Texas Trying to Wrangle Up Illegal Driver Data Sales
Since June, the state’s Attorney General, Ken Paxton, has investigated several auto manufacturers for mishandling driver data.
GENERAL MOTORS JUST SO HAPPENS TO BE THE FIRST ON THE CHOPPING BLOCK.
As we mentioned earlier, this is not a case of being careless with customer information like the infamous 23andMe situation. Paxton believes that consumers were manipulated into disclosing more than they intended…
“DESPITE LENGTHY AND CONVOLUTED DISCLOSURES, GENERAL MOTORS NEVER INFORMED ITS CUSTOMERS OF ITS ACTUAL CONDUCT—THE SYSTEMATIC COLLECTION AND SALE OF THEIR HIGHLY DETAILED DRIVING DATA.”
Texas Attorney General’s Office via CNN
But, how exactly did they do this?
How to Know if YOU Were Affected? And For How Long?
According to the Attorney General’s office filings, GM customers who bought models from 2015 on may be affected.
This is because that is when they started enrolling buyers in programs that collect driver data like OnStar. In turn, the information collected was sold to insurance companies which was used to determine their rates.
There has been no official ruling on the matter yet. However, depending on the outcome of this case, you might have been compromised.
We will keep you updated on the lawsuit. And, review your paperwork if you bought a General Motors after 2015.
Be Great,
GCTV Staff
Disclaimer: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.
