Typing new title in Bookmarks always reverts to "New Folder": can fix "once only" by "Refresh" then repeats "new Folder" next time
All plug ins turned off all extensions off, Google Sync turned off. Still can't get "New Folder" blocking any attempt to type a new title. Grrrrr
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If you're doing this from the star icon, there's a known issue being investigated that prevents the folder name being changed. As a work around, you can go to the three-bar menu -> Library -> Bookmarks, then select "Show all Bookmarks" at the bottom.
You can then edit folder names on the new window that comes up.