As the camera started showing flashing colored lines after KB5127936, and the driver-related steps have already been suggested, you could test by temporarily uninstalling that update:
- Go to Settings > Windows Update > Update history > Uninstall updates.
- Select KB5127936 and uninstall it, if the option is available.
- Restart Windows and test the webcam again.
If this resolves the issue, please submit a report through Feedback Hub (Windows + F) so the configuration and diagnostic information can be reviewed.
If KB5127936 cannot be uninstalled, or removing it makes no difference, the next step would be to contact eMeet support for compatibility guidance.
Please note that this is a user-to-user support forum. Moderators, contributors including external Microsoft employees cannot directly intervene in Microsoft product features or access back-end systems. Our role is limited to providing technical guidance on reported issues, requests, or ideas.
I hope this helps isolate the cause.