The FCBA requires that companies send bills at least 14 days before payment is due on open end accounts (which includes credit card accounts). Based on experience, what CC companies tend to send statements that arrive late (or sometimes never) based on the statement date? Say, later than 10 days after the statement date, enough to possibly impact timely payment by the due date? When this has happened, what has been their reponse when requesting a waiver of the late fee?
I would include HELOCs, since they are revolving, and presumably covered by FCBA. I am just interested in experiences where a lender issues statements with one date but is likely to be delaying their mailing, whether deliberately or accidentally, cutting into the time for the borrower to receive and pay timely.
