I think it's a good thing - burdensome for some companies, but for others it might not be terribly difficult. Especially if those companies are already set up to properly collect and safeguard information (say, BCBS.com vs Rollingstone.com)
http://thehill.com/policy/technology/38 ... ake-effectThe moves are part of an industry-wide effort to prepare for the General Data Protection Regulation (GDPR), which goes into effect on Friday and forces companies to give full disclosure about what they do with the digital data they collect and offer their users more control over their information.
Under the new rules, European users are able to request copies of the data that websites have on them or ask companies to delete that information; websites have to ask for permission to collect and share user data; and companies need to disclose their data practices in clear language, instead of obscuring them with legalese.