CMCCMC-Cards-2026-05v0.9 draft · 1 Apr 2027 (target)
Late-payment charges and CIC reporting — 1 Apr 2027 readiness
Owner Collections · Approver CARO
§1 Today
Late charges only on the amount outstanding after the due date; notify the customer before any CIC default report.
§2 From 1 Apr 2027
No late fee and no past-due CIC flag until the account is more than 3 days past due, counted from the statement payment due date.