PMPro + Theme my Login registration

Hi,

I started having this strange issue of unlimited redirects happening on my register page. I have a page, where I use Theme my Login register shortcode for user registration. However, it looks like Paid Membership Pro keeps redirecting users either from registration page to plans page or to the same register page (in this case this happens unlimited amount of time until it crashes).

I was searching for answers and found ‘pmpro_register_redirect’ filter which should disable the redirects:
add_filter('pmpro_register_redirect', '__return_false');

However when using this, now register page redirects to login page with a query string attached:
?registration=disabled

Where could the problem lie? Also what could be the possible solutions?