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14 June, 20:13

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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  1. 14 June, 20:24
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    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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