rayanne7127 rayanne7127

30-12-2019
Business

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True/False
Under the Gramm-Leach-Bliley Act (GLBA), a customer is any person who gets a consumer financial product or service from a financial institution.

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knowledgepower50 knowledgepower50

06-01-2020

Answer:

True

Explanation:

This act is also known as the Financial Services Modernization Act of 1999, redefined the financial product industry in terms of making the limits between the financial institutions' area of work. Above all, it defined the customer as an individual who obtains financial products from financial institutions, primarily for personal and household needs.

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