StreetLend.com shuts down, citing GDPR regulations

Re:StreetLend.com shuts down, citing GDPR regulations by adventured on Sunday April 29, 2018 @07:40PM (#16954567)

If you're doing business with the EU, my opinion is that you should comply to GDPR. Your EU business customers will very likely demand / require it, if not today then sooner than later. Those EU businesses will be assessing the services they utilize and trying to make sure there are no holes in their own GDPR compliance as a consequence.

As a counter example. A US-based service I'm building now, will have zero business dealings with the EU, although it may store EU resident data (people that sign up that are from the EU). I have no concern about complying any time soon. I may choose to never comply, as I doubt I'll be drawing revenue from the EU. It's about the last thing on my list of things to worry about (GDPR, not user privacy in general).

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Re:StreetLend.com shuts down, citing GDPR regulations by ThrustVectoring on Sunday April 29, 2018 @11:43PM (#16955560)

If you're doing business with companies doing business with the EU, you should probably comply. GDPR compliance requires certain affiliated businesses that are involved with the data you collect to also be compliant. The US-based company I work for is in the process of switching to Stripe for ACH invoicing because bill.com isn't going to be GDPR compliant.

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