Consumer Credit Regulation: 8.3.2.2.3 Sixty days’ delinquency exception
A lender may increase an APR, fee, or charge if it does not receive the consumer’s required minimum payment within sixty days after the due date for that payment.141 This increase may apply to the outstanding balance. As of 2018, about 9% of general purpose cardholders and about 4.5% of private label cardholders had at least one sixty-day or more delinquency in the preceding year.142