To be honest, I'd never heard about the New Perspective on Paul before today. Does anyone know of denominations that subscribe to the NPP interpretation, in part or in full?
Specifically, the following concepts, taken from this article:
Briefly put, covenantal nomism is the view that one’s place in God’s plan is established on the basis of the covenant and that the covenant requires as the proper response of man his obedience to its commandments, while providing means of atonement for transgression
I read this to mean "God saves us by providing atonement, so long as we keep up our end of the bargain."
This of course, would be different than Sola Fide.
The righteousness of God
Proponents of New Perspectivism argue that the righteousness of God, spoken of by Paul in Romans, is refering to God’s faithfulness rather than the positive imputation of Christ’s righteousness.
According to Wright, justification isn’t merely an initial means by which someone is right with God, but rather a mark of who already is.
Denial of imputed righteousness
N.T. Wright reinterprets texts classically used as prooftexts for imputed righteousness. He understands 2 Corinthians 5:21, for example, to refer to God’s covenant faithfulness. While many still profess agreement with the substance of the doctrine of imputed righteousness, the classic (or traditional) interpretations of texts relating to imputation have more or less been removed