Name of trash folder is not corresponding the actual time of collection

Yes

It’s now a default.

Yes, but I suspect that we do not remove folders actually even if they are empty. Perhaps it’s a bug.

I think you are correct.
We discussing the possibility to send BF more often to meet the deletion queue.

Likely not, I believe that the trash chore still should collect all pieces older than 7 days, otherwise this is not an improvement. I honestly do not support the idea of date-named-folders, this is so much confusing, especially when you do not know what’s that date mean.