WASHINGTON, Jan 16 (Reuters) - U.S. automaker General

Motors ( GM ) will be banned for five years from disclosing

consumers' sensitive geolocation and driver behavior data to

consumer reporting agencies, the Federal Trade Commission said

in a statement on Thursday.

The agency alleged General Motors ( GM ) collected, used, and sold

drivers' precise geolocation data and driving behavior

information from millions of vehicles, which can be used to set

insurance rates, without notifying consumers and obtaining

consent.

The company has settled the FTC's allegations, the

regulatory agency added.