The U.S. Treasury on Tuesday released a set of recommendations to modernize the Community Reinvestment Act, a 40-year old law meant to increase access to banking services to all communities, including those who had been excluded or otherwise discriminated against. Treasury said the new recommendations would update the definitions of geographic areas "to reflect the changing nature of banking," improve CRA examinations, and nudge banks to offer more CRA-compliant services. "Treasury's recommendations will incentivize bankers to do more for low- and moderate-income communities, especially in cases where the bank has underperformed in prior assessment periods," the department said in a release.