To be clear, it has been exactly this way on AncestryDNA for at least as long as I've been there, which is about 5 years. Nothing has been "lowered".
With that being said, it IS important to understand about this, and it seems like a lot of people don't.
Suppose I have a couple of 4th cousins who are siblings, themselves. Further suppose that I match John by 25cm, but only match his sister, Jane, by 15cM. As siblings, they will obviously match each other.
If I look at my Shared Matches list for John, Jane will NOT appear on it - even though she obviously matches both me and John - because she's BELOW the 20cM threshold.
However, if I look at my Shared Matches list for Jane, then John WILL appear, because he's ABOVE the 20cM threshold. So you can find out who SOME of the shared matches of John are, but who are left off his list because they're below 20cM, in this way.
Sometimes I will add a note to cousins like John that tell me what additional shared matches he has that are below 20cM (like Jane). Of course, such a list will always be incomplete, but it can be useful anyway.
Also, keep in mind that if cousin A and cousin B are BOTH below 20cM, you simply cannot tell whether A & B match each other or not (aside from asking them).