Comment by jandrese
I like the ones that not only keep a history of your old passwords but will reject any password that is similar to any of your 30 previous passwords, which means they're storing either a plaintext or reversibly encrypted list of every password somewhere on the system. Talk about a goldmine for the hacker that dumps that database.
Something like that could probably be implemented by storing multiple hash of some automatically modified version of the password. For example, if your password is "PassWorD" they can additionally store the hash of the lowercase version of the password. So if you change it from "PassWorD" to "paSswOrd", they will see it has the same lowercase hash than the previous one without knowing it.