Earlier quoted context omitted.
And submitting the site to http://plaintextoffenders.com
Omg. That sounds like a public list of "Top poorly secured business sites to breach. --Reward guaranteed"
The other is still not great but it’s less bad: “Thankyou for registering. Your registered password is: xxxx”. In this case they’ve just passed the user details to an emailer before (potentially) encrypting and storing them.
Neither is good, but the first is awful.