Except.. it can only be 8 characters long. Anything else gets truncated (they explicitly said so). The mind boggles.
I have no idea where this limitation comes from, do people just set an 8 character field in their database? Was this a problem decades ago that they figured they'd save a few megabytes of storage space?
I think they've finally changed it so that the reset period is determined on your password complexity, no length limitations, and you can have 2FA (or at least mobile password reset).