We realize a two-component dipolar Fermi gas with tunable interactions, using erbium atoms. Employing a lattice-protection technique, we selectively prepare deeply degenerate mixtures of the two lowest spin states and perform high-resolution Feshbach spectroscopy in an optical dipole trap. We identify a comparatively broad Feshbach resonance and map the interspin scattering length in its vicinity. The Fermi mixture shows a remarkable collisional stability in the strongly interacting regime, providing a first step towards studies of superfluid pairing, crossing from Cooper pairs to bound molecules, in presence of dipole-dipole interactions.