I have the same issue on my warlock and wizard...i get the message that i can't change loadouts while something is in cooldown... I unequipped everything and can't find anything in cooldown.
A few quick tests are giving the error "Unable to equip some items from the loadout." when I test. These are loadouts that I made a few days ago. One notable change is that I changed race.
I have found a work around for this (tho it's a crappy one). Go to your mounts page and press square to apply to all loadouts. If it still will not allow you to switch go to your companion screen and go to manage companions and in the drop down menu click apply to all loadouts. It's a pain cause you will have to go back in and check to make sure no changes are needed but it should allow the switch. Usually it's just the mounts that cause the hang up but now theres a companion hang up as well Hope this helps you at least access your other load out!
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