My idea of a new faction would be a nomadic faction type where there lore would be that they say they where founded by the rangers who came before the guardians. There armour would be lighter looking then other factions ,and would emphasize camouflage.
There moto would be that you can't fight the darkness here in the tower. There weapons would be more suited for PvE then PvP . There Colors would be brown yellow and green. I thank you for reading my idea and I hope this is considered bungie.
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There is some already, but they are either dissolved or seen as too radical in one way or another. I think the main focus is reviving The Iron Lords, I would love to know more about the Takanome Rangers and The Sunbreakers Order( I can't think if warlocks have one, if so it wasn't memorable ). The main one is the Osiris Cult, which is very active in a sense of ToO occurring every weekend. We still don't know everything about Osiris, so I think we should work with what we got.