Progressives began to demand stronger Wall Street regulation after they perceived deregulation and relaxed enforcement as leading to the financial crisis of 2008. Passing the Dodd-Frank (Dodd–Frank Wall Street Reform and Consumer Protection Act) financial regulatory act in 2010 provided increased oversight on financial institutions and the creation of new regulatory agencies, but many Progressives argue its broad framework allows for financial institutions to continue to take advantage of consumers and the government.Fighting for Wall Street Regulation: Who Said It Was Easy?: Start Your Search! 
Bernie Sanders, among others, has advocated to reimplement Glass-Steagall for its stricter regulation and to break up the banks because of financial institutions' market share being concentrated in fewer corporations than progressives would like.5 Reasons Glass-Steagall Matters – Bernie Sanders Reforming Wall Street – Bernie Sanders