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European Data Privacy Regs Will Impact Credit Unions

Experts advise CUs to prepare for the EU's General Data Protection Regulation.

By Roy Urrico | Updated on May 02, 2017

Thousands of American companies including credit unions that do business with European customers need to reckon with EU’s General Data Protection Regulation, which goes into full effect a year from now.

The GDPR changes the handling of personal and corporate data particularly in terms of personally identifiable information. The regulation, slated for a May 25, 2018 rollout, already weighs heavily on the European business community, but come as a surprise to many U.S. based enterprises.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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