A federal appeals court panel ruled Friday that the existing restrictions on debit card swipe fees should largely stand, turning back a challenge by retailers who argued that banks are still earning too much money from the fees.

The ruling by a three-judge panel in the District of Columbia overturned a decision last year by U.S. District Judge Richard Leon. That ruling, which would have forced regulators to tighten restrictions on swipe fees, was put on hold during the appeals process.

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