If a regulation hall of fame were ever built, the recently departed know-your-customer proposal would undoubtedly be crowned "Most Hated."

More than 254,000 bitter letters rained down on the Federal Deposit Insurance Corp. during the four-month comment period, which ended in March, on the plan to fight money laundering. That's about 251,000 comments more than the agency had ever received on a proposed rule.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.