The transform reference point in version 20 is not working like it did in previous versions. In past versions. In past versions when the reference point was moved to a new position by sliding the reference point to a new location with the mouse or by option-clicking to reposition the reference point, the transformation scaled around the point. Now, this is only available by holding the option key modifier. As an advanced user, I would prefer to go back to the older way or allow me to change the behavior of transform in Photoshop preferences.