StreetLend.com shuts down, citing GDPR regulations

Re:StreetLend.com shuts down, citing GDPR regulations by zaarn on Monday April 30, 2018 @02:50AM (#16956341)

That and privacy shield (or equivalent). The EU courts could simply go the the US courts and tell them that under privacy shield, the company violated the EU law. Then the US court could decide that, yes, the company did indeed violate EU privacy law and enforce the fine on their side.

If the US court doesn't decide that, the EU will have to resort to indirect measures (Google AdSense will probably stop working since Google doesn't want the EU courts on their butts for making business with someone who violates the EU law and other measures)

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Re:StreetLend.com shuts down, citing GDPR regulations by tripletao on Monday April 30, 2018 @03:24AM (#16956492)

> While joining the Privacy Shield is voluntary, once an eligible organization makes the public commitment to comply with the Framework’s requirements, the commitment will become enforceable under U.S. law.

https://www.privacyshield.gov/article?id=How-to-Join-Privacy...

So how does that affect companies that don't elect to join Privacy Shield?

Agreed that AdSense will probably start indirectly enforcing the GDPR at some point. Someone will probably make a lot of money picking up the traffic they lose, in exchange for never changing planes in Frankfurt again...

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Re:StreetLend.com shuts down, citing GDPR regulations by zaarn on Monday April 30, 2018 @03:52AM (#16956629)

Without privacy shield, I guess the EU might still try to go through the US court system to have a foreign claim enforced in the US.

I guess we'll have to wait and see what happens in that case, if the US court system is willing to enforce GDPR fines on their side, that would be a win for the EU (the US has been doing this for ages)

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