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The GDPR deadline is May 25, 2018.

Many U.S. firms, including credit unions, that do business with European Union customers and citizens/residents now need to deal with the EU’s General Data Protection Regulation, effective May 25, 2018.

The GDPR now rules over data protection and privacy for all individuals within the European Union. It addresses the export of personal data outside and ensures there is a single set of criteria to protect individuals and help companies understand compliance issues when it comes to personally identifiable information.

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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