In many cases, the word consumer connotes a legal definition that is different than customer.
For example, see the definition from Reg P: Consumer means an individual who obtains or has obtained a financial product or service from you that is to be used primarily for personal, family, or household purposes, or that individual's legal representative.
For example, see the definition from Reg P: Consumer means an individual who obtains or has obtained a financial product or service from you that is to be used primarily for personal, family, or household purposes, or that individual's legal representative.
A customer may be an individual or a business.
Source: https://www.consumerfinance.gov/rules-policy/regulations/101...