What pants are you wearing? I would like to see if I can confirm it.
I'll be honest, I gave up on wearing any since I can't toggle them like the NPCs, the new belt only is a great option for me. in regards of defense (Video game female armor logic at it's prime, Less is More!)
Also I can confirm the belts still allow interactions so you don't need to remove them.
Edit:
Leather and rags still have bulge haven't tested bikini yet.
that is really weird. Maybe my character is bugged in my game, that sucks. I attached an image as proof, but yeah, I still have the issue. Thanks for trying to replicate the glitch. 