This is a more useful link in that you can see more of the task force's recomendations with explanations.
http://www.usd.edu/student-life/orgs.../taskforce.htm
Omega Financial, for those that are unaware, are a financial service and collection agency. Members are billed by the company and the money deposited in the Groups account (minus their fee for service) and if a member does not pay, Omega will go after them like a collection agency, possibly damaging their credit.
In this case the school might work better for you. Members with cash flow problems might opt to take some damaged credit, but if you are paying through the cashiers office the stakes are different. The Cashier would put a hold on your account that wouldn't allow you to register or graduate. The same hold they would put on if you were delinquent with school bills. Its actualy beneficial to your group because they become the bad guy.
Personally we just collect our dues here and deposit them into a local account. But for the people that always seem to be the latest in paying . . . a recourse like that would be nice.
The dry housing seems a bit much, but a lot of the other recomendations are actually quite benign, and some are even helpful.
It seems they are willing to invest resources into you as well as expecting your cooperation. I am sure many of the points are negotiable if you go in with a united front and a strong position.