OAM Launches New Merchant Register to Enhance Consumer Credit Transparency in Italy

The Organismo degli Agenti e dei Mediatori (OAM), Italy’s financial regulatory body, will launch a new Merchant Register next week as part of the country’s implementation of the European Union’s Consumer Credit Directive 2 (CCD2), according to an official statement. The initiative aims to strengthen oversight of businesses offering financing options to consumers, ensuring greater transparency and protection for buyers.

How the System Works

The new system requires banks and financial intermediaries to register on the OAM’s digital platform, disclosing their list of affiliated merchants. Businesses that offer interest-free payment plans directly to customers must also enroll in a dedicated section of the register. This centralized database will enable regulators to monitor compliance and prevent misleading financial practices, as outlined in a press release from the OAM.

Consumer Protection and Industry Impact

Costs and Regulatory Framework

Financial contributions to cover the register’s operational costs and supervision will be determined by a subsequent OAM decree.

What’s Next for Stakeholders?

Businesses and financial institutions have until the registration deadline to comply with the new rules.