The problem I am currently having is when people click on Roster and select a character it is displaying that characters bags and gold info as well as the equipped items.
This is by design. It's a case of "all or nothing."
If you want to hide your inventory and gold (this includes equipped items, atm), you can click "Edit" on your character profile, and then check the box for "Hide Inventory and Money"
Those characters that only show equipped items are characters that aren't running the GuildBank mod, but are simply being filled in by the automatic weekly armory updater. Anyone running the GuildBank mod gets an all or nothing.