Found the culprit. I had put both of the black fabrics in..one a B&W print and one a grey on black print and it is the grey on black print that is losing dye like crazy. I can tell because I have a piece of the black and white print that didn't get washed and it still looks the same when I compare the two. Interesting.
The B&W print also feels like a nicer fabric so there is definitely something to that.
Watson