In this new laws you have a lot more rights. You can demand the right to have insights in the amount of data a company has from you and you also have the right to let this data be removed. Companies also have to be much more specific on the reasons why they need your data in the first place. Therefore the changes in the privacy policies.
The reason these new laws are created in the EU is because privacy is becoming rapidly more important in the world. With data leaks like the one we saw at facebook with #cambridgeAnalytica we can definitely say this regulations are needed.
What do you think about the new #GDPR laws?