Answer
$\left( \dfrac{a}{2}-\dfrac{b}{7} \right)\left( \dfrac{a}{2}+\dfrac{b}{7} \right)
$
Work Step by Step
Using $a^2-b^2=(a+b)(a-b)$ or the factoring of the sum of 2 squares, then,
\begin{array}{l}
\dfrac{a^2}{4}-\dfrac{b^2}{49}
\\\\=
\left( \dfrac{a}{2}-\dfrac{b}{7} \right)\left( \dfrac{a}{2}+\dfrac{b}{7} \right)
.\end{array}