I have the same problem on a Dell P2415Q connected HDMI->HDMI on a 2018 Mac Mini. I had changed the setting previously to enable 60hz, and it was working fine. After Catalina's supplemental update, I'm only getting 30hz no matter what I do. It was actually working fine in Catalina before yesterday's update.
There are some other reports of this I've found from Googling, too.