If a cloudformation template contains a parameter with NoEcho set to true (like a password), the parameter value is shown as asterisks "****".
Terraform 0.6.8 detects this as a parameter change and tries to reapply it on every 'plan' or 'apply':
aws_cloudformation_stack.redshift-prod: Modifying...
parameters.MasterUserPassword: "****" => "lolmegapassword"