Set up a password policy that has a maximum failed login attempts and a reset after a certain period of time I tried using pwpolicy to set this up.  I was able to set up maxFailedLoginAttempts, but setting minutesUntilFailedLoginReset doesn't seem to do anything.  When I query pwpolicy using:

 pwpolicy -n /Local/Default -getglobalpolicy


I keep seeing that minutesUntilFailedLoginReset=0 even though I just set it to 60.  I even tried changing this for one user, and it claims it was changed but when I query the user's policy or the effective policy nothing has changed.
I’m assuming that you’re aware that pwpolicy doesn’t affect Admin accounts (tho it may show you otherwise, leading to believe that it does). 

I also asume that you’re running the commands as sudo or at least have tried.

Other than that, I haven’t tried that value myself. As a side (and curious) note the minutesUntilFailedLoginReset is not in the manpage for pwpolicy. 

man pwpolicy