I’m hoping Lina Khan keeps up her good work (and that Harris keeps Khan as the FTC head). | archive
Senators Ron Wyden (D-OR) and Edward Markey (D-MA) sent a letter [PDF] to the US regulator’s boss Lina Khan on Friday after the pair conducted an investigation into General Motors, Honda, and Hyundai.
Honda buried the disclosures about its business relationship with Verisk, which did not appear on the first page, and were not likely to be seen by many consumers.
GM and Hyundai allegedly neglected to mention selling data to Verisk at all.
If GM car owners wanted notifications about things like attempted break-ins and vehicle component health, they needed to sign up for the manufacturer’s Smart Driver program, and doing so would quietly opt them into allowing their info to be sold on.
“The lengthy disclosures presented by GM before the opt-in did not disclose to consumers that as part of enrolling in Smart Driver, their driving data would be shared with data brokers and resold to insurance companies,” the senators alleged, adding GM “disclosed customer location data to two other companies, which it refused to name.”
Hyundai apparently enrolled its drivers into a similar Drive Score program without even asking, if they enabled the internet connection on the vehicle.
We’re seeing more and more that our “free market” with its “competition” doesn’t provide goods and services that most people want, which makes me wonder, why have free markets and competition?
As always, I think regulated markets are the best - don’t go full planned economy, but don’t let corpos do whatever they want either.