All Insights|Future Nexus
fintechSeptember 21, 2017

US Community Banks Trying to Understand EU’s GDPR Regulation

The European Union’s General Data Protection Regulation (GDPR) is beginning to give community bankers in the US headaches; the law applies to all companies processing and holding data of people who reside in the EU; if a EU citizen visits your website you could be subject to the law; community banks are starting to enlist legal help to better understand how they can protect themselves from steep penalties. Source.