When using the Password Manager Group Policy template to configure the Secure Password Extension (SPE) Credential Provider icon & custom icon text, the custom icon text is not displayed as configured.
In the above scenario, the SPE will display the default SPE label, instead of the defined custom label text.
Configure the Credential Provider's Description settings noted below, which will also update the Credential Provider's Icon Text Label. At this time due to the defect noted in this article, it is not possible to configure separate Descriptions and Text Labels.
Waiting for fix in a future release of Password Manager.