Does Shanghai Financial Consumption Dispute Mediation Center have legal effect?

Yes The Financial Dispute Mediation Center is a non-profit organization established with the approval of the Bureau of Justice according to the "Measures for Solving Public Opinion Polls in People's Republic of China (PRC)". Accepting the supervision and professional guidance of the Judicial Bureau and the court, it is a mediation organization specially invited by the court. The mediation conclusion of the mediation center for financial consumption disputes has legal effect on both parties, and can solve many financial disputes, such as disputes in credit cards, bank cards, consumer loans, mortgages, insurance, securities and other fields. Shanghai Financial Consumption Dispute Mediation Center was established on February 5, 2004 +2065438+2004. Its business scope includes mediating financial consumption disputes, popularizing financial knowledge, conducting research, consulting, training and international exchanges in the field of financial consumption services, and undertaking matters entrusted by relevant government departments.