https://forums.funcom.com/t/summer-decay-timers-extended/201610?u=speedice
After the Age of Sorcery launch, and all the problems on consoles, they returned the timer to 14 days indefinitely until they could get a handle on the issues. Players could not log in, or play without getting kicked out.
Since we are coming up on the end of the year holiday season, I expect the 14 day timer will continue since we normally get a few weeks at 14 days for travel purposes.
With many, not all, problems ironed out, the soonest I would expect a 7 day timer is mid January.